BlackRock (BLK) 2/9/10 PriceWatch Alert Technicals Showing Bearish
Posted: Tuesday, February 09, 2010 8:31 AM EDT
By: Market Intelligence Center Staff
BlackRock (NYSE: BLK) closed yesterday at $204.66. So far the stock has hit a 52-week low of $88.91 and 52-week high of $243.80. BlackRock stock has been showing support around 201.06 and resistance in the 211.76 range. Technical indicators for the stock are Bearish and S&P gives BLK a neutral 3 STAR (out of 5) hold rating. BLK appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 210 covered call for a net debit in the $195.26 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 4.59% downside protection and a 7.55% assigned return rate for a 41.12% annualized return rate (comparison purposes only). BlackRock has a current annual dividend yield of 1.48%. [ATU-Seven Summits Research]
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