Union Pacific (UNP) PriceWatch Alert Technicals Showing Bearish
Posted: Wednesday, June 24, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Union Pacific (NYSE: UNP) closed yesterday at $49.49. So far the stock has hit a 52-week low of $33.28 and 52-week high of $85.80. Union Pacific stock has been showing support around 47.64 and resistance in the 50.92 range. Technical indicators for the stock are Bearish and S&P gives UNP a neutral 3 STAR (out of 5) hold rating. UNP appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Aug '09 49 covered call (UHP HZ) for a net debit in the $45.39 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 8.28% downside protection and a 7.95% assigned return rate for a 49.20% annualized return rate (comparison purposes only). Union Pacific has a current annual dividend yield of 2.08%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Union Pacific (UNP) Stock ReportSee what our analysts have uncovered about Union Pacific (UNP).