Polo Ralph Lauren (RL) 11/2/09 PriceWatch Alert With 10.88% Downside Protection
Posted: Monday, November 02, 2009 8:11 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) ended the last trading session at $74.42. So far the stock has hit a 52-week low of $31.22 and 52-week high of $80.45. Polo Ralph Lauren stock has been showing support around 71.98 and resistance in the 78.46 range. Technical indicators for the stock are Bullish 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 $66.32 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 10.88% downside protection and a 5.55% assigned return rate for a 27.00% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.28%. [ABR-Seven Summits Research]
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