Alberto Culver (ACV) NewsBite

Posted on Monday, February 11, 2008 8:57 AM

Alberto Culver (NYSE: ACV) ended the last trading session at $27.14. So far the stock has hit a 52-week low of $20.92 and 52-week high of $27.43. Alberto Culver stock has been showing support around 26.70 and resistance in the 27.38 range. Technical indicators for the stock are Bullish and S&P gives ACV a neutral 3 STAR (out of 5) hold rating. For a hedged play on this stock, look at a Jun '08 25 covered call (ACV FE) for a net debit in the $23.84 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 12.16% downside protection and a 4.87% assigned return rate for a 13.56% annualized return rate (comparison purposes only). Alberto Culver has a current annual dividend yield of 1.00%. [IHF - Investors Observer]