ASML Holding (ASML) 10/21/09 PriceWatch Alert Support At Around $28.91

Posted: Wednesday, October 21, 2009 8:44 AM EDT

ASML Holding (NasdaqNM: ASML) closed yesterday at $29.43. 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 28.91 and resistance in the 30.23 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 $26.73 area. That is also the break even stock price for this trade. This covered call has a 178 day duration, provides 9.17% downside protection and a 12.23% assigned return rate for a 25.09% annualized return rate (comparison purposes only). ASML has a current annual dividend yield of 0.76%. [WBA-Seven Summits Research]

Click Symbol For More News On: (ASML)