Unum Group (UNM) 10/28/09 PriceWatch Alert Support Down To $20.05

Posted: Wednesday, October 28, 2009 8:26 AM EDT

Unum Group (NYSE: UNM) closed yesterday at $20.50. So far the stock has hit a 52-week low of $7.61 and 52-week high of $23.25. Unum Group stock has been showing support around 20.05 and resistance in the 21.31 range. Technical indicators for the stock are Bearish and S&P gives UNM a neutral 3 STAR (out of 5) hold rating. UNM appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 17.50 covered call (UNM CW) for a net debit in the $16.60 area. That is also the break even stock price for this trade. This covered call has a 143 day duration, provides 19.02% downside protection and a 5.42% assigned return rate for a 13.84% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.55%. [WBA-Seven Summits Research]

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