Urban Outfitters (URBN) 10/27/09 PriceWatch Alert Targets 28.45% Return

Posted: Tuesday, October 27, 2009 8:42 AM EDT

Urban Outfitters (NasdaqNM: URBN) closed yesterday at $32.97. So far the stock has hit a 52-week low of $12.33 and 52-week high of $33.99. Urban Outfitters stock has been showing support around 32.03 and resistance in the 34.39 range. Technical indicators for the stock are Bullish and S&P gives URBN a positive 4 STAR (out of 5) buy rating. URBN appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Dec '09 31 covered call (HXW LE) for a net debit in the $29.77 area. That is also the break even stock price for this trade. This covered call has a 53 day duration, provides 9.71% downside protection and a 4.13% assigned return rate for a 28.45% annualized return rate (comparison purposes only). Urban Outfitters does not pay dividends at this time. [ATU-Seven Summits Research]

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