Expeditors International of Washington (EXPD) 11/6/09 PriceWatch Alert Up To 8.57% Downside Protection
Posted: Friday, November 06, 2009 8:42 AM EDT
By: Market Intelligence Center Staff
Expeditors International of Washington (NasdaqNM: EXPD) closed yesterday at $31.52. So far the stock has hit a 52-week low of $23.86 and 52-week high of $38.10. Expeditors International of Washington stock has been showing support around 30.90 and resistance in the 32.30 range. Technical indicators for the stock are Bearish and S&P gives EXPD a positive 4 STAR (out of 5) buy rating. EXPD appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 30 covered call (URP AF) for a net debit in the $28.82 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 8.57% downside protection and a 4.09% assigned return rate for a 21.05% annualized return rate (comparison purposes only). Expeditors International of Washington has a current annual dividend yield of 1.17%. [FBB-Seven Summits Research]
CLICK HERE: FREE Expeditors International of Washington (EXPD) Stock ReportSee what our analysts have uncovered about Expeditors International of Washington (EXPD).