Burger King (BKC) 11/6/09 PriceWatch Alert Support Down To $17.43

Posted: Friday, November 06, 2009 8:45 AM EDT
By: Market Intelligence Center Staff





Burger King (NYSE: BKC) closed yesterday at $17.94. So far the stock has hit a 52-week low of $15.61 and 52-week high of $24.48. Burger King stock has been showing support around 17.43 and resistance in the 18.23 range. Technical indicators for the stock are Bullish and S&P gives BKC a neutral 3 STAR (out of 5) hold rating. BKC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 17.50 covered call (BKC DW) for a net debit in the $16.39 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 8.64% downside protection and a 6.77% assigned return rate for a 15.26% annualized return rate (comparison purposes only). Burger King has a current annual dividend yield of 1.41%. [FBB-Seven Summits Research]



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