News Corp (NWS) PriceWatch Alert Shows Bearish Technicals

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

News Corp (NYSE: NWS) ended the last trading session at $13.76. So far the stock has hit a 52-week low of $13.50 and 52-week high of $24.95. News Corp stock has been showing support around 13.29 and resistance in the 14.33 range. Technical indicators for the stock are Bearish and S&P gives NWS a positive 4 STAR (out of 5) buy rating. NWS appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at an Apr '09 12.50 covered call (NWS DV) for a net debit in the $11.51 area. That is also the break even stock price for this trade. This covered call has a 222 day duration, provides 16.35% downside protection and an 8.60% assigned return rate for a 14.14% annualized return rate (comparison purposes only). News Corp has a current annual dividend yield of 0.83%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]