Unilever PLC (UL) 11/3/09 PriceWatch Alert Shows Bullish Technicals

Posted: Tuesday, November 03, 2009 8:41 AM EDT

Unilever PLC (NYSE: UL) closed yesterday at $30.02. So far the stock has hit a 52-week low of $16.95 and 52-week high of $31.11. Unilever stock has been showing support around 29.38 and resistance in the 30.66 range. Technical indicators for the stock are Bullish and S&P gives UL a neutral 3 STAR (out of 5) hold rating. UL appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 30 covered call (UL BF) for a net debit in the $29.02 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 3.33% downside protection and a 3.38% assigned return rate for an 11.31% annualized return rate (comparison purposes only). Unilever has a current annual dividend yield of 3.07%. [ATU-Seven Summits Research]

Click Symbol For More News On: (UL)