Guess (GES) Appears On Investors Observer Hedged Dividend Income List

Posted: Tuesday, November 03, 2009 9:25 AM EDT

Guess (NYSE: GES) closed yesterday at $36.59. So far the stock has hit a 52-week low of $10.26 and 52-week high of $41.34. Guess stock has been showing support around 34.99 and resistance in the 38.05 range. Technical indicators for the stock are Bullish and S&P gives GES a positive 4 STAR (out of 5) buy rating. GES appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 35 covered call (GES CG) for a net debit in the $31.69 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 13.39% downside protection and a 10.44% assigned return rate for a 27.83% annualized return rate (comparison purposes only). Guess has a current annual dividend yield of 1.32%. [ATU-Seven Summits Research]

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