Guess (GES) 11/6/09 PriceWatch Alert Down To $32.14 Break Even

Posted: Friday, November 06, 2009 8:44 AM EDT

Guess (NYSE: GES) closed yesterday at $37.24. So far the stock has hit a 52-week low of $10.26 and 52-week high of $41.34. Guess stock has been showing support around 36.13 and resistance in the 38.69 range. Technical indicators for the stock are Bullish and S&P gives GES a positive 4 STAR (out of 5) buy rating. GES appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 35 covered call (GES CG) for a net debit in the $32.14 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 13.69% downside protection and an 8.90% assigned return rate for a 24.24% annualized return rate (comparison purposes only). Guess has a current annual dividend yield of 1.33%. [FBB-Seven Summits Research]

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