Thomson Reuters Corporation (TRI) 11/3/09 PriceWatch Alert Targets 11.48% Return

Posted: Tuesday, November 03, 2009 8:47 AM EDT

Thomson Reuters Corporation (NYSE: TRI) closed yesterday at $31.72. So far the stock has hit a 52-week low of $19.30 and 52-week high of $35.88. Thomson Reuters stock has been showing support around 30.92 and resistance in the 32.28 range. Technical indicators for the stock are Bearish and S&P gives TRI a neutral 3 STAR (out of 5) hold rating. TRI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 30 covered call (TRI DF) for a net debit in the $28.52 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 10.09% downside protection and a 5.19% assigned return rate for an 11.48% annualized return rate (comparison purposes only). Thomson Reuters has a current annual dividend yield of 3.57%. [ATU-Seven Summits Research]

Click Symbol For More News On: (TRI)