Polo Ralph Lauren (RL) PriceWatch Alert for October 27, 2009
Posted: Tuesday, October 27, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) closed yesterday at $78.29. So far the stock has hit a 52-week low of $31.22 and 52-week high of $80.45. Polo Ralph Lauren stock has been showing support around 76.32 and resistance in the 81.44 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 $71.89 area. That is also the break even stock price for this trade. This covered call has a 53 day duration, provides 8.17% downside protection and a 4.33% assigned return rate for a 29.79% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.25%. [ATU-Seven Summits Research]
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