Ryland Group (RYL) 10/14/09 PriceWatch Alert Shows Bullish Technicals

Posted: Wednesday, October 14, 2009 8:45 AM EDT

Ryland Group (NYSE: RYL) closed yesterday at $21.96. So far the stock has hit a 52-week low of $9.95 and 52-week high of $24.94. Ryland Group stock has been showing support around 20.57 and resistance in the 23.11 range. Technical indicators for the stock are Bullish 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 17.50 covered call (RGV AW) for a net debit in the $16.56 area. That is also the break even stock price for this trade. This covered call has a 94 day duration, provides 24.59% downside protection and a 5.68% assigned return rate for a 22.04% annualized return rate (comparison purposes only). Ryland Group has a current annual dividend yield of 0.57%. [WBA-Seven Summits Research]

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