Unum Group (UNM) PriceWatch Alert With Support Around $15.36

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

Unum Group (NYSE: UNM) ended the last trading session at $15.94. 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 15.36 and resistance in the 16.30 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 $11.64 area. That is also the break even stock price for this trade. This covered call has a 173 day duration, provides 26.98% downside protection and a 7.39% assigned return rate for a 15.59% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.91%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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