UBS (UBS) 10/27/09 PriceWatch Alert Technicals Showing Bullish

Posted: Tuesday, October 27, 2009 8:26 AM EDT

UBS (NYSE: UBS) closed yesterday at $17.51. So far the stock has hit a 52-week low of $7.04 and 52-week high of $19.32. UBS stock has been showing support around 16.95 and resistance in the 18.49 range. Technical indicators for the stock are Bullish and S&P gives UBS a neutral 3 STAR (out of 5) hold rating. UBS appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 16 covered call (UBS CP) for a net debit in the $14.86 area. That is also the break even stock price for this trade. This covered call has a 144 day duration, provides 15.13% downside protection and a 7.67% assigned return rate for a 19.45% annualized return rate (comparison purposes only). UBS does not pay dividends at this time. [ATU-Seven Summits Research]

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