Polo Ralph Lauren (RL) 10/29/09 PriceWatch Alert Targets 8.77% Downside Protection
Posted: Thursday, October 29, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) closed yesterday at $71.82. So far the stock has hit a 52-week low of $31.22 and 52-week high of $79.80. Polo Ralph Lauren stock has been showing support around 69.21 and resistance in the 76.81 range. Technical indicators for the stock are Bearish and S&P gives RL a neutral 3 STAR (out of 5) hold rating. RL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 70 covered call (RL AN) for a net debit in the $65.52 area. That is also the break even stock price for this trade. This covered call has a 79 day duration, provides 8.77% downside protection and a 6.84% assigned return rate for a 31.59% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.26%. [THA-Seven Summits Research]
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