ASML Holding (ASML) 10/7/09 PriceWatch Alert Support At Around $29.02
Posted: Wednesday, October 07, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
ASML Holding (NasdaqNM: ASML) closed yesterday at $29.92. So far the stock has hit a 52-week low of $12.64 and 52-week high of $30.38. ASML stock has been showing support around 29.02 and resistance in the 30.48 range. Technical indicators for the stock are Bullish and S&P gives ASML a neutral 3 STAR (out of 5) hold rating. ASML appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 30 covered call (MFQ DF) for a net debit in the $26.72 area. That is also the break even stock price for this trade. This covered call has a 192 day duration, provides 10.70% downside protection and a 12.28% assigned return rate for a 23.34% annualized return rate (comparison purposes only). ASML has a current annual dividend yield of 0.79%. [WBA-Seven Summits Research]
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