Unum Group (UNM) PriceWatch Alert Shows Bearish Technicals

Posted: Wednesday, June 24, 2009 8:07 AM EDT

Unum Group (NYSE: UNM) closed yesterday at $15.39. So far the stock has hit a 52-week low of $7.61 and 52-week high of $27.50. Unum Group stock has been showing support around 14.84 and resistance in the 15.72 range. Technical indicators for the stock are Bearish and S&P gives UNM a neutral 3 STAR (out of 5) hold rating. UNM appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Dec '09 12.50 covered call (UNM LV) for a net debit in the $11.39 area. That is also the break even stock price for this trade. This covered call has a 178 day duration, provides 25.99% downside protection and a 9.75% assigned return rate for a 19.98% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.86%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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