Roper Industries (ROP) PriceWatch Alert Shows Bullish Technicals

Posted: Monday, July 06, 2009 8:07 AM EDT

Roper Industries (NYSE: ROP) closed yesterday at $45.60. So far the stock has hit a 52-week low of $34.85 and 52-week high of $70.48. Roper Industries stock has been showing support around 44.00 and resistance in the 46.40 range. Technical indicators for the stock are Bullish and S&P gives ROP a positive 4 STAR (out of 5) buy rating. ROP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Nov '09 45 covered call (ROP KI) for a net debit in the $41.70 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 8.55% downside protection and a 7.91% assigned return rate for a 20.93% annualized return rate (comparison purposes only). Roper Industries has a current annual dividend yield of 0.73%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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