Estee Lauder (EL) 2/9/10 PriceWatch Alert With 5.93% Downside Protection
Posted: Tuesday, February 09, 2010 8:41 AM EDT
By: Market Intelligence Center Staff
Estee Lauder (NYSE: EL) closed yesterday at $55.67. So far the stock has hit a 52-week low of $19.81 and 52-week high of $56.98. Estee Lauder stock has been showing support around 54.40 and resistance in the 57.62 range. Technical indicators for the stock are Bullish and S&P gives EL a neutral 3 STAR (out of 5) hold rating. EL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 55 covered call for a net debit in the $52.37 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 5.93% downside protection and a 5.02% assigned return rate for a 27.36% annualized return rate (comparison purposes only). Estee Lauder has a current annual dividend yield of 0.98%. [ATU-Seven Summits Research]
CLICK HERE: FREE Estee Lauder (EL) Stock ReportSee what our analysts have uncovered about Estee Lauder (EL).