Arch Capital Group (ACGL) Appears On Investors Observer Momentum Plays List
Posted: Thursday, March 18, 2010 9:29 AM EDT
By: Market Intelligence Center Staff
Arch Capital Group (NASDAQ: ACGL) closed yesterday at $75.75. So far the stock has hit a 52-week low of $51.32 and 52-week high of $76.83. Arch Capital Group stock has been showing support around 74.46 and resistance in the 76.82 range. Technical indicators for the stock are Bullish and S&P gives ACGL a neutral 3 STAR (out of 5) hold rating. ACGL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jun '10 75 covered call for a net debit in the $72.80 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 3.89% downside protection and a 3.02% assigned return rate for an 11.86% annualized return rate (comparison purposes only). Arch Capital Group does not pay dividends at this time. [THA-Seven Summits Research]
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