Credit Suisse Group (CS) 11/2/09 PriceWatch Alert Technicals Showing Bearish

Posted: Monday, November 02, 2009 8:06 AM EDT

Credit Suisse Group (NYSE: CS) ended the last trading session at $53.30. So far the stock has hit a 52-week low of $18.61 and 52-week high of $60.08. Credit Suisse Group stock has been showing support around 51.21 and resistance in the 56.79 range. Technical indicators for the stock are Bearish and S&P gives CS a positive 4 STAR (out of 5) buy rating. CS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 52.50 covered call (CS CR) for a net debit in the $47.50 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 10.88% downside protection and a 10.53% assigned return rate for a 27.84% annualized return rate (comparison purposes only). Credit Suisse Group has a current annual dividend yield of 0.11%. [ABR-Seven Summits Research]

Click Symbol For More News On: (CS)