Intuit (INTU) PriceWatch Alert Targets 16.64% Return

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

Intuit (NasdaqNM: INTU) ended the last trading session at $29.85. So far the stock has hit a 52-week low of $25.08 and 52-week high of $33.10. Intuit stock has been showing support around 29.01 and resistance in the 30.55 range. Technical indicators for the stock are Bullish and S&P gives INTU a neutral 3 STAR (out of 5) hold rating. INTU appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '09 27.50 covered call (IQU AY) for a net debit in the $25.95 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 13.07% downside protection and a 5.97% assigned return rate for a 16.64% annualized return rate (comparison purposes only). Intuit 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]