Universal Health Services (UHS) 11/3/09 PriceWatch Alert At $53.13 Break Even

Posted: Tuesday, November 03, 2009 8:45 AM EDT

Universal Health Services (NYSE: UHS) closed yesterday at $57.23. So far the stock has hit a 52-week low of $30.43 and 52-week high of $66.64. Universal Health Services stock has been showing support around 55.04 and resistance in the 58.56 range. Technical indicators for the stock are Bearish and S&P gives UHS a neutral 3 STAR (out of 5) hold rating. UHS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 55 covered call (UHS AK) for a net debit in the $53.13 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 7.16% downside protection and a 3.52% assigned return rate for a 17.36% annualized return rate (comparison purposes only). Universal Health Services has a current annual dividend yield of 0.53%. [ATU-Seven Summits Research]

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