Agilent Technologies Inc. (A) PriceWatch Alert Could Hit 17.31% Return

Posted on Friday, September 05, 2008 8:07 AM

Agilent Technologies Inc. (NYSE: A) closed yesterday at $32.18. 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 31.23 and resistance in the 34.01 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 30 covered call (A KF) for a net debit in the $28.93 area. That is also the break even stock price for this trade. This covered call has a 78 day duration, provides 10.10% downside protection and a 3.70% assigned return rate for a 17.31% 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]