Boston Properties (BXP) 2/9/10 PriceWatch Alert Technicals Showing Bearish
Posted: Tuesday, February 09, 2010 8:39 AM EDT
By: Market Intelligence Center Staff
Boston Properties (NYSE: BXP) closed yesterday at $62.90. So far the stock has hit a 52-week low of $29.30 and 52-week high of $72.23. Boston Properties stock has been showing support around 61.19 and resistance in the 65.99 range. Technical indicators for the stock are Bearish and S&P gives BXP a neutral 3 STAR (out of 5) hold rating. BXP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 60 covered call for a net debit in the $57.90 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 7.95% downside protection and a 3.63% assigned return rate for a 19.76% annualized return rate (comparison purposes only). Boston Properties has a current annual dividend yield of 3.15%. [ATU-Seven Summits Research]
CLICK HERE: FREE Boston Properties (BXP) Stock ReportSee what our analysts have uncovered about Boston Properties (BXP).