Covidien Ltd. (COV) 11/3/09 PriceWatch Alert Up To 5.94% Downside Protection
Posted: Tuesday, November 03, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Covidien Ltd. (NYSE: COV) closed yesterday at $42.91. So far the stock has hit a 52-week low of $27.27 and 52-week high of $45.61. Covidien stock has been showing support around 41.90 and resistance in the 43.58 range. Technical indicators for the stock are Bullish and S&P gives COV a neutral 3 STAR (out of 5) hold rating. COV appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 42.50 covered call (COV AT) for a net debit in the $40.36 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 5.94% downside protection and a 5.30% assigned return rate for a 26.15% annualized return rate (comparison purposes only). Covidien has a current annual dividend yield of 1.70%. [ATU-Seven Summits Research]
CLICK HERE: FREE Covidien (COV) Stock ReportSee what our analysts have uncovered about Covidien (COV).
More News For Covidien (COV):
Covidien (COV) Trading Near $51.91 Support Level
Tuesday, February 07, 2012... Covidien (NYSE:COV) closed Monday's sideways trading session at $52.62. In the past year, the stock has hit a 52-week low of $41.35 and 52-week high......
http://www.marketintelligencecenter.com/analyfav/1333037
Covidien (COV) Could Fall Through $50.98 Support Level
Wednesday, February 01, 2012... Covidien (NYSE:COV) closed Tuesday's unsure trading session at $51.50. In the past year, the stock has hit a 52-week low of $41.35 and 52-week high......
http://www.marketintelligencecenter.com/analyfav/1331626
Covidien (COV) Trading Near $51.01 Resistance Level
Thursday, January 26, 2012... Covidien (NYSE:COV) closed Wednesday's bullish trading session at $49.72. In the past year, the stock has hit a 52-week low of $41.35 and 52-week......
http://www.marketintelligencecenter.com/analyfav/1330486
Covidien (COV) Gains 1.2% As Put-Call Ratio Climbs Above 12
Tuesday, January 24, 2012... Covidien (NYSE: COV) rose Tuesday with a put-call ratio of 12.55 with 1,004 puts and 80 call contracts changing hands.
An April 42.50/37.50 Out of......
http://www.marketintelligencecenter.com/newsbites/1329982
Potential Covidien (COV) Trade Has $45.80 Breakeven
Friday, January 20, 2012... Covidien Ltd (NYSE: COV) closed Thursday's trading session at $48.05. In the past year, the stock has hit a 52-week low of $41.35 and 52-week high of......
http://www.marketintelligencecenter.com/analyfav/1329072
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