News Corp (NWS) 11/4/09 PriceWatch Alert Support At Around $13.10

Posted: Wednesday, November 04, 2009 8:17 AM EDT

News Corp (NasdaqNM: NWS) closed yesterday at $13.51. So far the stock has hit a 52-week low of $5.61 and 52-week high of $15.24. News Corp stock has been showing support around 13.10 and resistance in the 13.82 range. Technical indicators for the stock are Bearish and S&P gives NWS a neutral 3 STAR (out of 5) hold rating. NWS appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at an Apr '10 12.50 covered call (NWS DV) for a net debit in the $11.46 area. That is also the break even stock price for this trade. This covered call has a 164 day duration, provides 15.17% downside protection and a 9.08% assigned return rate for a 20.20% annualized return rate (comparison purposes only). News Corp has a current annual dividend yield of 0.88%. [WBA-Seven Summits Research]

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