Hewitt Associates (HEW) 11/3/09 PriceWatch Alert Targets 17.81% Return

Posted: Tuesday, November 03, 2009 8:38 AM EDT

Hewitt Associates (NYSE: HEW) closed yesterday at $35.83. So far the stock has hit a 52-week low of $22.78 and 52-week high of $38.33. Hewitt Associates stock has been showing support around 34.56 and resistance in the 36.48 range. Technical indicators for the stock are Bearish and S&P gives HEW a neutral 3 STAR (out of 5) hold rating. HEW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 35 covered call (HEW AG) for a net debit in the $33.78 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 5.72% downside protection and a 3.61% assigned return rate for a 17.81% annualized return rate (comparison purposes only). Hewitt Associates does not pay dividends at this time. [ATU-Seven Summits Research]

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