Ryland Group (RYL) 10/5/09 PriceWatch Alert Technicals Showing Bearish

Posted: Monday, October 05, 2009 8:34 AM EDT

Ryland Group (NYSE: RYL) closed yesterday at $19.53. So far the stock has hit a 52-week low of $9.95 and 52-week high of $27.39. Ryland Group stock has been showing support around 18.90 and resistance in the 20.48 range. Technical indicators for the stock are Bearish and S&P gives RYL a weak 2 STAR (out of 5) sell rating. RYL appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 15 covered call (RGV AC) for a net debit in the $14.13 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 27.65% downside protection and a 6.16% assigned return rate for a 21.82% annualized return rate (comparison purposes only). Ryland Group has a current annual dividend yield of 0.57%. [ABR-Seven Summits Research]

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