News Corp (NWS) PriceWatch Alert Down To $8.88 Break Even

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

News Corp (NasdaqNM: NWS) ended the last trading session at $10.53. So far the stock has hit a 52-week low of $5.61 and 52-week high of $16.48. News Corp stock has been showing support around 10.14 and resistance in the 10.76 range. Technical indicators for the stock are Bullish and S&P gives NWS a neutral 3 STAR (out of 5) hold rating. NWS appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 10 covered call (NWS AB) for a net debit in the $8.88 area. That is also the break even stock price for this trade. This covered call has a 201 day duration, provides 15.67% downside protection and a 12.61% assigned return rate for a 22.90% annualized return rate (comparison purposes only). News Corp has a current annual dividend yield of 1.17%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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