Unum Group (UNM) 10/23/09 PriceWatch Alert Shows Bullish Technicals
Posted: Friday, October 23, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Unum Group (NYSE: UNM) closed yesterday at $21.90. So far the stock has hit a 52-week low of $7.61 and 52-week high of $23.25. Unum Group stock has been showing support around 20.73 and resistance in the 22.49 range. Technical indicators for the stock are Bullish and S&P gives UNM a neutral 3 STAR (out of 5) hold rating. UNM appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 20 covered call (UNM AD) for a net debit in the $19.15 area. That is also the break even stock price for this trade. This covered call has an 85 day duration, provides 12.56% downside protection and a 4.44% assigned return rate for a 19.06% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.50%. [FBB-Seven Summits Research]
CLICK HERE: FREE Unum Group (UNM) Stock ReportSee what our analysts have uncovered about Unum Group (UNM).