Siemens Aktiengesellschaft (SI) 3/5/10 PriceWatch Alert Down To $83.45 Break Even
Posted: Friday, March 05, 2010 8:04 AM EDT
By: Market Intelligence Center Staff
Siemens Aktiengesellschaft (NYSE: SI) closed yesterday at $90.35. So far the stock has hit a 52-week low of $47.53 and 52-week high of $103.08. Siemens stock has been showing support around 89.04 and resistance in the 91.76 range. Technical indicators for the stock are Bearish. SI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jul '10 90 covered call for a net debit in the $83.45 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 7.64% downside protection and a 7.85% assigned return rate for a 21.38% annualized return rate (comparison purposes only). Siemens has a current annual dividend yield of 1.83%. [FBB-Seven Summits Research]
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