Fortune Brands (FO) 10/26/09 PriceWatch Alert Up To 14.36% Return
Posted: Monday, October 26, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Fortune Brands (NYSE: FO) ended the last trading session at $43.25. So far the stock has hit a 52-week low of $17.68 and 52-week high of $46.77. Fortune Brands stock has been showing support around 40.70 and resistance in the 48.04 range. Technical indicators for the stock are Bullish and S&P gives FO a neutral 3 STAR (out of 5) hold rating. FO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 40 covered call (FO AH) for a net debit in the $38.75 area. That is also the break even stock price for this trade. This covered call has an 82 day duration, provides 10.40% downside protection and a 3.23% assigned return rate for a 14.36% annualized return rate (comparison purposes only). Fortune Brands has a current annual dividend yield of 1.80%. [ABR-Seven Summits Research]
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