Global Payments (GPN) PriceWatch Alert for November 6, 2009

Posted: Friday, November 06, 2009 8:24 AM EDT

Global Payments (NYSE: GPN) closed yesterday at $52.39. So far the stock has hit a 52-week low of $27.48 and 52-week high of $52.39. Global Payments stock has been showing support around 49.71 and resistance in the 53.73 range. Technical indicators for the stock are Bullish and S&P gives GPN a very positive 5 STAR (out of 5) strong buy rating. GPN appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 50 covered call (GPN BJ) for a net debit in the $48.59 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 7.25% downside protection and a 2.90% assigned return rate for a 9.99% annualized return rate (comparison purposes only). Global Payments has a current annual dividend yield of 0.16%. [FBB-Seven Summits Research]

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