Unilever (UN) PriceWatch Alert Support Down To $23.49

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

Unilever (NYSE: UN) closed yesterday at $24.04. So far the stock has hit a 52-week low of $16.91 and 52-week high of $30.37. Unilever stock has been showing support around 23.49 and resistance in the 25.13 range. Technical indicators for the stock are Bullish and S&P gives UN a neutral 3 STAR (out of 5) hold rating. UN appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Nov '09 22.50 covered call (UN KX) for a net debit in the $21.29 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 11.44% downside protection and a 5.68% assigned return rate for a 15.03% annualized return rate (comparison purposes only). Unilever has a current annual dividend yield of 3.41%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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