Polo Ralph Lauren (RL) 10/23/09 PriceWatch Alert Down To $72.10 Break Even
Posted: Friday, October 23, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) closed yesterday at $78.80. So far the stock has hit a 52-week low of $31.22 and 52-week high of $79.80. Polo Ralph Lauren stock has been showing support around 74.81 and resistance in the 81.19 range. Technical indicators for the stock are Bullish and S&P gives RL a neutral 3 STAR (out of 5) hold rating. RL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Dec '09 75 covered call (RL LO) for a net debit in the $72.10 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 8.50% downside protection and a 4.02% assigned return rate for a 25.76% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.26%. [FBB-Seven Summits Research]
CLICK HERE: FREE Polo Ralph Lauren (RL) Stock ReportSee what our analysts have uncovered about Polo Ralph Lauren (RL).