Bed Bath and Beyond (BBBY) 10/29/09 PriceWatch Alert Up To 26.64% Return

Posted: Thursday, October 29, 2009 8:42 AM EDT

Bed Bath and Beyond (NasdaqNM: BBBY) closed yesterday at $34.93. So far the stock has hit a 52-week low of $16.23 and 52-week high of $40.23. Bed Bath and Beyond stock has been showing support around 34.18 and resistance in the 36.34 range. Technical indicators for the stock are Bearish and S&P gives BBBY a weak 2 STAR (out of 5) sell rating. BBBY appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Dec '09 34 covered call (BHQ LJ) for a net debit in the $32.78 area. That is also the break even stock price for this trade. This covered call has a 51 day duration, provides 6.16% downside protection and a 3.72% assigned return rate for a 26.64% annualized return rate (comparison purposes only). Bed Bath and Beyond does not pay dividends at this time. [THA-Seven Summits Research]

Click Symbol For More News On: (BBBY)