Time Warner (TWX) PriceWatch Alert Support At Around $23.44

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

Time Warner (NYSE: TWX) closed yesterday at $24.55. So far the stock has hit a 52-week low of $17.81 and 52-week high of $50.70. Time Warner stock has been showing support around 23.44 and resistance in the 25.32 range. Technical indicators for the stock are Bearish and S&P gives TWX a neutral 3 STAR (out of 5) hold rating. TWX appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at an Oct '09 23 covered call (TWX JW) for a net debit in the $21.35 area. That is also the break even stock price for this trade. This covered call has an 115 day duration, provides 13.03% downside protection and a 7.73% assigned return rate for a 24.53% annualized return rate (comparison purposes only). Time Warner has a current annual dividend yield of 2.98%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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