Eaton Vance (EV) 2/9/10 PriceWatch Alert Technicals Showing Bearish
Posted: Tuesday, February 09, 2010 8:38 AM EDT
By: Market Intelligence Center Staff
Eaton Vance (NYSE: EV) closed yesterday at $28.23. So far the stock has hit a 52-week low of $14.34 and 52-week high of $33.47. Eaton Vance stock has been showing support around 27.59 and resistance in the 29.29 range. Technical indicators for the stock are Bearish and S&P gives EV a neutral 3 STAR (out of 5) hold rating. EV appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Aug '10 25 covered call for a net debit in the $23.63 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 16.29% downside protection and a 5.80% assigned return rate for a 10.96% annualized return rate (comparison purposes only). Eaton Vance has a current annual dividend yield of 2.29%. [ATU-Seven Summits Research]
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