News Corp (NWS) 10/9/09 PriceWatch Alert With Support Around $13.49
Posted: Friday, October 09, 2009 8:05 AM EDT
By: Market Intelligence Center Staff
News Corp (NasdaqNM: NWS) closed yesterday at $14.03. So far the stock has hit a 52-week low of $5.61 and 52-week high of $14.65. News Corp stock has been showing support around 13.49 and resistance in the 14.57 range. Technical indicators for the stock are Bullish and S&P gives NWS a neutral 3 STAR (out of 5) hold rating. NWS appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at an Apr '10 12.50 covered call (NWS DV) for a net debit in the $11.58 area. That is also the break even stock price for this trade. This covered call has a 190 day duration, provides 17.46% downside protection and a 7.94% assigned return rate for a 15.26% annualized return rate (comparison purposes only). News Corp has a current annual dividend yield of 0.88%. [FBB-Seven Summits Research]
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