CH Robinson Worldwide (CHRW) PriceWatch Alert With Support Around $48.05

Posted on Monday, September 08, 2008 8:07 AM

CH Robinson Worldwide (NasdaqNM: CHRW) ended the last trading session at $49.85. So far the stock has hit a 52-week low of $45.01 and 52-week high of $67.36. CH Robinson Worldwide stock has been showing support around 48.05 and resistance in the 51.77 range. Technical indicators for the stock are Bearish and S&P gives CHRW a positive 4 STAR (out of 5) buy rating. CHRW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Nov '08 45 covered call (CJQ KI) for a net debit in the $43.15 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 13.44% downside protection and a 4.29% assigned return rate for a 20.87% annualized return rate (comparison purposes only). CH Robinson Worldwide has a current annual dividend yield of 1.69%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]