Alberto Culver (ACV) NewsBite

Posted on Tuesday, February 26, 2008 8:50 AM

Alberto Culver (NYSE: ACV) closed yesterday at $27.61. So far the stock has hit a 52-week low of $20.92 and 52-week high of $27.91. Alberto Culver stock has been showing support around 26.62 and resistance in the 28.14 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 Sep '08 25 covered call (ACV IE) for a net debit in the $23.61 area. That is also the break even stock price for this trade. This covered call has a 207 day duration, provides 14.49% downside protection and a 5.89% assigned return rate for a 10.38% annualized return rate (comparison purposes only). Alberto Culver has a current annual dividend yield of 1.00%. [IHF - Investors Observer]