Werner Enterprises (WERN) PriceWatch Alert Up To 14.70% Return

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

Werner Enterprises (NasdaqNM: WERN) closed yesterday at $18.46. So far the stock has hit a 52-week low of $12.59 and 52-week high of $28.78. Werner Enterprises stock has been showing support around 18.12 and resistance in the 19.06 range. Technical indicators for the stock are Bullish and S&P gives WERN a neutral 3 STAR (out of 5) hold rating. WERN appears on the Investors Observer Stocks In The News list. JP Morgan upgraded WERN Wednesday to Overweight from Neutral. For a hedged play on this stock, look at a Dec '09 15 covered call (RVQ LC) for a net debit in the $14.06 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 23.84% downside protection and a 6.69% assigned return rate for a 14.70% annualized return rate (comparison purposes only). Werner Enterprises has a current annual dividend yield of 1.11%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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