Charles River Laboratories International (CRL) 11/6/09 PriceWatch Alert With $32.38 Break Even

Posted: Friday, November 06, 2009 8:22 AM EDT

Charles River Laboratories International (NYSE: CRL) closed yesterday at $34.53. So far the stock has hit a 52-week low of $19.92 and 52-week high of $40.14. Charles River Laboratories International stock has been showing support around 33.46 and resistance in the 35.20 range. Technical indicators for the stock are Bearish and S&P gives CRL a neutral 3 STAR (out of 5) hold rating. CRL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 35 covered call (CRL BG) for a net debit in the $32.38 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 6.23% downside protection and an 8.09% assigned return rate for a 27.86% annualized return rate (comparison purposes only). Charles River Laboratories International does not pay dividends at this time. [FBB-Seven Summits Research]

Click Symbol For More News On: (CRL)