T Rowe Price (TROW) 11/3/09 PriceWatch Alert Targets 22.34% Return

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

T Rowe Price (NasdaqNM: TROW) closed yesterday at $49.15. So far the stock has hit a 52-week low of $20.09 and 52-week high of $55.48. T Rowe Price stock has been showing support around 46.88 and resistance in the 51.08 range. Technical indicators for the stock are Bullish and S&P gives TROW a neutral 3 STAR (out of 5) hold rating. TROW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 45 covered call (RQW AI) for a net debit in the $43.05 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 12.41% downside protection and a 4.53% assigned return rate for a 22.34% annualized return rate (comparison purposes only). T Rowe Price has a current annual dividend yield of 1.97%. [ATU-Seven Summits Research]

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