Health Care Property Investors (HCP) 10/30/09 PriceWatch Alert Support At Around $28.59

Posted: Friday, October 30, 2009 8:16 AM EDT

Health Care Property Investors (NYSE: HCP) closed yesterday at $30.30. So far the stock has hit a 52-week low of $14.26 and 52-week high of $31.09. Health Care Property Investors stock has been showing support around 28.59 and resistance in the 31.17 range. Technical indicators for the stock are Bullish and S&P gives HCP a neutral 3 STAR (out of 5) hold rating. HCP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 30 covered call (HCP AF) for a net debit in the $28.30 area. That is also the break even stock price for this trade. This covered call has a 78 day duration, provides 6.60% downside protection and a 6.01% assigned return rate for a 28.11% annualized return rate (comparison purposes only). Health Care Property Investors has a current annual dividend yield of 6.14%. [FBB-Seven Summits Research]

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