Endurance Specialty (ENH) 11/3/09 PriceWatch Alert Technicals Showing Bearish

Posted: Tuesday, November 03, 2009 8:34 AM EDT

Endurance Specialty (NYSE: ENH) closed yesterday at $35.94. So far the stock has hit a 52-week low of $19.32 and 52-week high of $38.58. Endurance Specialty stock has been showing support around 35.26 and resistance in the 36.76 range. Technical indicators for the stock are Bearish and S&P gives ENH a neutral 3 STAR (out of 5) hold rating. ENH appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 35 covered call (ENH AG) for a net debit in the $33.79 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 5.98% downside protection and a 3.58% assigned return rate for a 17.66% annualized return rate (comparison purposes only). Endurance Specialty has a current annual dividend yield of 2.71%. [ATU-Seven Summits Research]

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