Beckman Coulter (BEC) 11/3/09 PriceWatch Alert Down To $56.85 Break Even

Posted: Tuesday, November 03, 2009 8:43 AM EDT

Beckman Coulter (NYSE: BEC) closed yesterday at $64.75. So far the stock has hit a 52-week low of $35.94 and 52-week high of $71.57. Beckman Coulter stock has been showing support around 63.52 and resistance in the 65.64 range. Technical indicators for the stock are Bearish and S&P gives BEC a positive 4 STAR (out of 5) buy rating. BEC appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 60 covered call (BEC EL) for a net debit in the $56.85 area. That is also the break even stock price for this trade. This covered call has a 200 day duration, provides 12.20% downside protection and a 5.54% assigned return rate for a 10.11% annualized return rate (comparison purposes only). Beckman Coulter has a current annual dividend yield of 1.01%. [ATU-Seven Summits Research]

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