Polo Ralph Lauren (RL) 11/3/09 PriceWatch Alert Down To $70.11 Break Even
Posted: Tuesday, November 03, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) closed yesterday at $76.71. So far the stock has hit a 52-week low of $31.22 and 52-week high of $80.45. Polo Ralph Lauren stock has been showing support around 72.48 and resistance in the 79.88 range. Technical indicators for the stock are Bullish and S&P gives RL a neutral 3 STAR (out of 5) hold rating. RL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 75 covered call (RL AO) for a net debit in the $70.11 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 8.60% downside protection and a 6.97% assigned return rate for a 34.40% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.26%. [ATU-Seven Summits Research]
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