Burlington Northern (BNI) 2/9/10 PriceWatch Alert Technicals Showing Bullish
Posted: Tuesday, February 09, 2010 8:31 AM EDT
By: Market Intelligence Center Staff
Burlington Northern (NYSE: BNI) closed yesterday at $99.74. So far the stock has hit a 52-week low of $50.86 and 52-week high of $99.97. Burlington Northern stock has been showing support around 99.15 and resistance in the 100.07 range. Technical indicators for the stock are Bullish and S&P gives BNI a neutral 3 STAR (out of 5) hold rating. BNI appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '11 95 covered call for a net debit in the $92.74 area. That is also the break even stock price for this trade. This covered call has a 347 day duration, provides 7.02% downside protection and a 2.44% assigned return rate for a 2.56% annualized return rate (comparison purposes only). Burlington Northern has a current annual dividend yield of 1.61%. [ATU-Seven Summits Research]
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