Estee Lauder (EL) Appears On Investors Observer Momentum Plays List
Posted: Friday, March 19, 2010 9:05 AM EDT
By: Market Intelligence Center Staff
Estee Lauder (NYSE: EL) closed yesterday at $63.80. So far the stock has hit a 52-week low of $23.17 and 52-week high of $64.28. Estee Lauder stock has been showing support around 62.95 and resistance in the 64.71 range. Technical indicators for the stock are Bullish and S&P gives EL a neutral 3 STAR (out of 5) hold rating. EL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jul '10 60 covered call for a net debit in the $57.70 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 9.56% downside protection and a 3.99% assigned return rate for a 12.12% annualized return rate (comparison purposes only). Estee Lauder has a current annual dividend yield of 0.87%. [FBB-Seven Summits Research]
CLICK HERE: FREE Estee Lauder (EL) Stock ReportSee what our analysts have uncovered about Estee Lauder (EL).