Liberty Property Trust (LRY) 10/21/09 PriceWatch Alert Bearish Price Movement
Posted: Wednesday, October 21, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Liberty Property Trust (NYSE: LRY) closed yesterday at $30.95. So far the stock has hit a 52-week low of $11.83 and 52-week high of $36.18. Liberty Property Trust stock has been showing support around 30.24 and resistance in the 32.02 range. Technical indicators for the stock are Bearish and S&P gives LRY a neutral 3 STAR (out of 5) hold rating. LRY appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 30 covered call (LRY AF) for a net debit in the $28.20 area. That is also the break even stock price for this trade. This covered call has an 87 day duration, provides 8.89% downside protection and a 6.38% assigned return rate for a 26.78% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.10%. [WBA-Seven Summits Research]
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