Alcon (ACL) 10/28/09 PriceWatch Alert Support Down To $140.37
Posted: Wednesday, October 28, 2009 8:08 AM EDT
By: Market Intelligence Center Staff
Alcon (NYSE: ACL) closed yesterday at $143.62. So far the stock has hit a 52-week low of $66.64 and 52-week high of $148.85. Alcon stock has been showing support around 140.37 and resistance in the 145.87 range. Technical indicators for the stock are Bullish and S&P gives ACL a positive 4 STAR (out of 5) buy rating. ACL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Dec '09 150 covered call (ACL LJ) for a net debit in the $140.12 area. That is also the break even stock price for this trade. This covered call has a 52 day duration, provides 2.44% downside protection and a 7.05% assigned return rate for a 49.49% annualized return rate (comparison purposes only). Alcon has a current annual dividend yield of 2.49%. [WBA-Seven Summits Research]
CLICK HERE: FREE Alcon (ACL) Stock ReportSee what our analysts have uncovered about Alcon (ACL).