Alcon (ACL) 10/22/09 PriceWatch Alert Up To 35.36% Return

Posted: Thursday, October 22, 2009 8:05 AM EDT

Alcon (NYSE: ACL) closed yesterday at $145.72. So far the stock has hit a 52-week low of $66.64 and 52-week high of $148.85. Alcon stock has been showing support around 142.80 and resistance in the 148.14 range. Technical indicators for the stock are Bullish and S&P gives ACL a positive 4 STAR (out of 5) buy rating. ACL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Dec '09 150 covered call (ACL LJ) for a net debit in the $142.02 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 2.54% downside protection and a 5.62% assigned return rate for a 35.36% annualized return rate (comparison purposes only). Alcon has a current annual dividend yield of 2.48%. [THA-Seven Summits Research]

Click Symbol For More News On: (ACL)