Aetna (AET) PriceWatch Alert for October 29, 2009
Posted: Thursday, October 29, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
Aetna (NYSE: AET) closed yesterday at $25.32. So far the stock has hit a 52-week low of $14.21 and 52-week high of $34.87. Aetna stock has been showing support around 24.71 and resistance in the 26.37 range. Technical indicators for the stock are Bearish and S&P gives AET a neutral 3 STAR (out of 5) hold rating. AET appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 22.50 covered call (AET AX) for a net debit in the $21.42 area. That is also the break even stock price for this trade. This covered call has a 79 day duration, provides 15.40% downside protection and a 5.04% assigned return rate for a 23.30% annualized return rate (comparison purposes only). Aetna has a current annual dividend yield of 0.16%. [THA-Seven Summits Research]
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