Polo Ralph Lauren (RL) 10/26/09 PriceWatch Alert Technicals Showing Bullish
Posted: Monday, October 26, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) ended the last trading session at $78.05. 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 76.28 and resistance in the 80.08 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 $71.85 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 7.94% downside protection and a 4.38% assigned return rate for a 29.63% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.26%. [ABR-Seven Summits Research]
CLICK HERE: FREE Polo Ralph Lauren (RL) Stock ReportSee what our analysts have uncovered about Polo Ralph Lauren (RL).