ABB Ltd (ABB) Gets A Positive 4 STARs S&P Rating
Posted: Thursday, March 18, 2010 9:30 AM EDT
By: Market Intelligence Center Staff
ABB Ltd (NYSE: ABB) closed yesterday at $21.56. So far the stock has hit a 52-week low of $13.10 and 52-week high of $22.01. ABB stock has been showing support around 21.37 and resistance in the 21.83 range. Technical indicators for the stock are Bullish and S&P gives ABB a positive 4 STAR (out of 5) buy rating. ABB appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Sep '10 22.50 covered call for a net debit in the $20.36 area. That is also the break even stock price for this trade. This covered call has an 184 day duration, provides 5.57% downside protection and a 10.51% assigned return rate for a 20.85% annualized return rate (comparison purposes only). ABB has a current annual dividend yield of 2.08%. [THA-Seven Summits Research]
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