Fortune Brands (FO) Could Be On The Move
Posted: Thursday, September 02, 2010 9:09 AM EDT
By: Market Intelligence Center Staff
Fortune Brands (NYSE: FO) closed yesterday at $46.45. So far the stock has hit a 52-week low of $37.05 and 52-week high of $55.68. Fortune Brands stock has been showing support around 44.87 and resistance in the 47.25 range. Technical indicators for the stock are Bullish and S&P gives FO a neutral 3 STAR (out of 5) hold rating. FO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Dec '10 45 covered call for a net debit in the $42.85 area. That is also the break even stock price for this trade. This covered call has a 107 day duration, provides 7.75% downside protection and a 5.02% assigned return rate for a 17.12% annualized return rate (comparison purposes only). Fortune Brands has a current annual dividend yield of 1.71%. [THA-Seven Summits Research]
CLICK HERE: FREE Fortune Brands (FO) Stock ReportSee what our analysts have uncovered about Fortune Brands (FO).