DeVry (DV) 2/9/10 PriceWatch Alert Targets 7.67% Downside Protection
Posted: Tuesday, February 09, 2010 8:36 AM EDT
By: Market Intelligence Center Staff
DeVry (NYSE: DV) closed yesterday at $59.96. So far the stock has hit a 52-week low of $38.19 and 52-week high of $63.80. DeVry stock has been showing support around 58.17 and resistance in the 63.35 range. Technical indicators for the stock are Bullish and S&P gives DV a neutral 3 STAR (out of 5) hold rating. DV appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 60 covered call for a net debit in the $55.36 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 7.67% downside protection and an 8.38% assigned return rate for a 29.99% annualized return rate (comparison purposes only). DeVry has a current annual dividend yield of 0.32%. [ATU-Seven Summits Research]
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