News Corp (NWS) 11/2/09 PriceWatch Alert Support Down To $12.99
Posted: Monday, November 02, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
News Corp (NasdaqNM: NWS) ended the last trading session at $13.60. So far the stock has hit a 52-week low of $5.61 and 52-week high of $15.24. News Corp stock has been showing support around 12.99 and resistance in the 14.43 range. Technical indicators for the stock are Bearish and S&P gives NWS a neutral 3 STAR (out of 5) hold rating. NWS appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at an Apr '10 12.50 covered call (NWS DV) for a net debit in the $11.45 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 15.81% downside protection and a 9.17% assigned return rate for a 20.16% annualized return rate (comparison purposes only). News Corp has a current annual dividend yield of 0.89%. [ABR-Seven Summits Research]
CLICK HERE: FREE News Corp (NWS) Stock ReportSee what our analysts have uncovered about News Corp (NWS).