Marvel Entertainment (MVL) 11/3/09 PriceWatch Alert Technicals Showing Neutral
Posted: Tuesday, November 03, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
Marvel Entertainment (NYSE: MVL) closed yesterday at $50.01. So far the stock has hit a 52-week low of $22.82 and 52-week high of $51.86. Marvel Entertainment stock has been showing support around 49.32 and resistance in the 50.60 range. Technical indicators for the stock are Neutral and S&P gives MVL a neutral 3 STAR (out of 5) hold rating. MVL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 50 covered call (MVL AJ) for a net debit in the $48.81 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 2.40% downside protection and a 2.44% assigned return rate for a 12.03% annualized return rate (comparison purposes only). Marvel Entertainment does not pay dividends at this time. [ATU-Seven Summits Research]
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