Invesco Ltd. (IVZ) 11/3/09 PriceWatch Alert Technicals Showing Bearish

Posted: Tuesday, November 03, 2009 8:30 AM EDT

Invesco Ltd. (NYSE: IVZ) closed yesterday at $21.72. So far the stock has hit a 52-week low of $8.35 and 52-week high of $24.07. Invesco stock has been showing support around 20.97 and resistance in the 22.27 range. Technical indicators for the stock are Bearish and S&P gives IVZ a positive 4 STAR (out of 5) buy rating. IVZ appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 20 covered call (IVZ AD) for a net debit in the $19.12 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 11.97% downside protection and a 4.60% assigned return rate for a 22.70% annualized return rate (comparison purposes only). Invesco has a current annual dividend yield of 1.90%. [ATU-Seven Summits Research]

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