Silicon Labs. (SLAB) 11/3/09 PriceWatch Alert Support Down To $40.89

Posted: Tuesday, November 03, 2009 8:47 AM EDT

Silicon Labs. (NasdaqNM: SLAB) closed yesterday at $41.92. So far the stock has hit a 52-week low of $17.05 and 52-week high of $49.08. Silicon Labs. stock has been showing support around 40.89 and resistance in the 43.01 range. Technical indicators for the stock are Bearish and S&P gives SLAB a neutral 3 STAR (out of 5) hold rating. SLAB appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 40 covered call (QFJ AH) for a net debit in the $38.22 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 8.83% downside protection and a 4.66% assigned return rate for a 22.97% annualized return rate (comparison purposes only). Silicon Labs. does not pay dividends at this time. [ATU-Seven Summits Research]

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