Agilent Technologies Inc. (A) PriceWatch Alert Could Hit 20.49% Return

Posted on Thursday, September 04, 2008 8:07 AM

Agilent Technologies Inc. (NYSE: A) closed yesterday at $33.81. So far the stock has hit a 52-week low of $28.79 and 52-week high of $39.32. Agilent stock has been showing support around 32.75 and resistance in the 35.03 range. Technical indicators for the stock are Bearish and S&P gives A a neutral 3 STAR (out of 5) hold rating. A appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Nov '08 32.50 covered call (A KZ) for a net debit in the $31.12 area. That is also the break even stock price for this trade. This covered call has a 79 day duration, provides 7.96% downside protection and a 4.43% assigned return rate for a 20.49% annualized return rate (comparison purposes only). Agilent does not pay dividends at this time. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]