Thermo Fisher Scientific (TMO) 11/5/09 PriceWatch Alert Support Down To $43.53
Posted: Thursday, November 05, 2009 8:25 AM EDT
By: Market Intelligence Center Staff
Thermo Fisher Scientific (NYSE: TMO) closed yesterday at $44.06. So far the stock has hit a 52-week low of $26.65 and 52-week high of $48.51. Thermo Fisher Scientific stock has been showing support around 43.53 and resistance in the 44.95 range. Technical indicators for the stock are Bearish and S&P gives TMO a neutral 3 STAR (out of 5) hold rating. TMO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Mar '10 45 covered call (TMO CI) for a net debit in the $41.31 area. That is also the break even stock price for this trade. This covered call has a 135 day duration, provides 6.24% downside protection and an 8.93% assigned return rate for a 24.15% annualized return rate (comparison purposes only). Thermo Fisher Scientific does not pay dividends at this time. [THA-Seven Summits Research]
CLICK HERE: FREE Thermo Fisher Scientific (TMO) Stock ReportSee what our analysts have uncovered about Thermo Fisher Scientific (TMO).