ASML Holding (ASML) 10/20/09 PriceWatch Alert With Support Around $29.18

Posted: Tuesday, October 20, 2009 8:02 AM EDT

ASML Holding (NasdaqNM: ASML) closed yesterday at $29.70. So far the stock has hit a 52-week low of $12.64 and 52-week high of $32.37. ASML stock has been showing support around 29.18 and resistance in the 30.34 range. Technical indicators for the stock are Bullish and S&P gives ASML a positive 4 STAR (out of 5) buy 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 $26.85 area. That is also the break even stock price for this trade. This covered call has a 179 day duration, provides 9.60% downside protection and an 11.73% assigned return rate for a 23.92% annualized return rate (comparison purposes only). ASML has a current annual dividend yield of 0.74%. [ATU-Seven Summits Research]

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