FLIR Systems (FLIR) 2/9/10 PriceWatch Alert Targets 23.59% Return
Posted: Tuesday, February 09, 2010 8:32 AM EDT
By: Market Intelligence Center Staff
FLIR Systems (NASDAQ: FLIR) closed yesterday at $29.42. So far the stock has hit a 52-week low of $18.81 and 52-week high of $33.35. FLIR Systems stock has been showing support around 28.45 and resistance in the 30.19 range. Technical indicators for the stock are Bearish and S&P gives FLIR a positive 4 STAR (out of 5) buy rating. FLIR appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jul '10 30 covered call for a net debit in the $27.22 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 7.48% downside protection and a 10.21% assigned return rate for a 23.59% annualized return rate (comparison purposes only). FLIR Systems does not pay dividends at this time. [ATU-Seven Summits Research]
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