Polo Ralph Lauren (RL) 11/4/09 PriceWatch Alert Up To 27.65% Return
Posted: Wednesday, November 04, 2009 8:08 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) closed yesterday at $78.47. So far the stock has hit a 52-week low of $31.22 and 52-week high of $80.45. Polo Ralph Lauren stock has been showing support around 74.62 and resistance in the 81.90 range. Technical indicators for the stock are Bullish and S&P gives RL a very positive 5 STAR (out of 5) strong buy rating. RL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 75 covered call (RL AO) for a net debit in the $71.07 area. That is also the break even stock price for this trade. This covered call has a 73 day duration, provides 9.43% downside protection and a 5.53% assigned return rate for a 27.65% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.27%. [WBA-Seven Summits Research]
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