Millipore (MIL) PriceWatch Alert for November 3, 2009

Posted: Tuesday, November 03, 2009 8:42 AM EDT

Millipore (NYSE: MIL) closed yesterday at $67.76. So far the stock has hit a 52-week low of $43.36 and 52-week high of $72.99. Millipore stock has been showing support around 66.34 and resistance in the 69.08 range. Technical indicators for the stock are Bearish and S&P gives MIL a positive 4 STAR (out of 5) buy rating. MIL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 65 covered call (MIL AM) for a net debit in the $63.06 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 6.94% downside protection and a 3.08% assigned return rate for a 15.17% annualized return rate (comparison purposes only). Millipore does not pay dividends at this time. [ATU-Seven Summits Research]

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