Millipore (MIL) PriceWatch Alert Targets 28.06% Return

Posted: Monday, June 29, 2009 8:07 AM EDT

Millipore (NYSE: MIL) ended the last trading session at $71.71. So far the stock has hit a 52-week low of $43.36 and 52-week high of $76.92. Millipore stock has been showing support around 70.36 and resistance in the 72.68 range. Technical indicators for the stock are Bullish and S&P gives MIL a positive 4 STAR (out of 5) buy rating. MIL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Aug '09 70 covered call (MIL HN) for a net debit in the $67.21 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 6.28% downside protection and a 4.15% assigned return rate for a 28.06% annualized return rate (comparison purposes only). Millipore does not pay dividends at this time. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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