Thomson Reuters Corporation (TRI) PriceWatch Alert Up To 19.81% Return
Posted: Monday, June 01, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Thomson Reuters Corporation (NYSE: TRI) ended the last trading session at $30.66. So far the stock has hit a 52-week low of $19.30 and 52-week high of $36.94. Thomson Reuters stock has been showing support around 30.07 and resistance in the 31.25 range. Technical indicators for the stock are Bullish and S&P gives TRI a neutral 3 STAR (out of 5) hold rating. TRI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Oct '09 30 covered call (TRI JF) for a net debit in the $27.91 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 8.97% downside protection and a 7.49% assigned return rate for a 19.81% annualized return rate (comparison purposes only). Thomson Reuters has a current annual dividend yield of 3.73%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
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