Molina Healthcare (MOH) Showing Bearish Technicals With Neutral S&P Hold Rating
Posted: Monday, August 30, 2010 9:28 AM EDT
By: Market Intelligence Center Staff
Molina Healthcare (NYSE: MOH) ended the last trading session at $26.75. So far the stock has hit a 52-week low of $17.05 and 52-week high of $31.80. Molina Healthcare stock has been showing support around 24.77 and resistance in the 27.79 range. Technical indicators for the stock are Bearish and S&P gives MOH a neutral 3 STAR (out of 5) hold rating. MOH appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Dec '10 25 covered call for a net debit in the $23.45 area. That is also the break even stock price for this trade. This covered call has an 110 day duration, provides 12.34% downside protection and a 6.61% assigned return rate for a 21.93% annualized return rate (comparison purposes only). Molina Healthcare does not pay dividends at this time. [ABR-Seven Summits Research]
CLICK HERE: FREE Molina Healthcare (MOH) Stock ReportSee what our analysts have uncovered about Molina Healthcare (MOH).