Siemens (SI) Could Break Through Technical Resistance Levels Today
Posted: Wednesday, March 10, 2010 9:05 AM EDT
By: Market Intelligence Center Staff
Siemens Aktiengesellschaft (NYSE: SI) closed yesterday at $91.21. So far the stock has hit a 52-week low of $51.44 and 52-week high of $103.08. Siemens stock has been showing support around 89.76 and resistance in the 92.26 range. Technical indicators for the stock are Neutral. 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 $84.31 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 7.56% downside protection and a 6.75% assigned return rate for a 19.10% annualized return rate (comparison purposes only). Siemens has a current annual dividend yield of 1.77%. [WBA-Seven Summits Research]
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