Beckman Coulter (BEC) 11/6/09 PriceWatch Alert Up To 6.05% Downside Protection

Posted: Friday, November 06, 2009 8:36 AM EDT

Beckman Coulter (NYSE: BEC) closed yesterday at $66.15. So far the stock has hit a 52-week low of $35.94 and 52-week high of $71.57. Beckman Coulter stock has been showing support around 64.16 and resistance in the 67.14 range. Technical indicators for the stock are Bearish and S&P gives BEC a positive 4 STAR (out of 5) buy rating. BEC appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 65 covered call (BEC BM) for a net debit in the $62.15 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 6.05% downside protection and a 4.59% assigned return rate for a 15.79% annualized return rate (comparison purposes only). Beckman Coulter has a current annual dividend yield of 1.06%. [FBB-Seven Summits Research]

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