Landstar System (LSTR) 8/31/09 PriceWatch Alert Up To 26.25% Return
Posted: Monday, August 31, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
Landstar System (NasdaqNM: LSTR) ended the last trading session at $34.69. So far the stock has hit a 52-week low of $27.21 and 52-week high of $53.53. Landstar System stock has been showing support around 33.49 and resistance in the 36.55 range. Technical indicators for the stock are Bearish and S&P gives LSTR a very positive 5 STAR (out of 5) strong buy rating. LSTR appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 35 covered call (QRY AG) for a net debit in the $31.84 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 8.22% downside protection and a 9.92% assigned return rate for a 26.25% annualized return rate (comparison purposes only). Landstar System has a current annual dividend yield of 0.49%. [ABR-Seven Summits Research] For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo
CLICK HERE: FREE Landstar System (LSTR) Stock ReportSee what our analysts have uncovered about Landstar System (LSTR).