Hornbeck Offshore Services (HOS) 11/6/09 PriceWatch Alert Support At Around $22.27
Posted: Friday, November 06, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Hornbeck Offshore Services (NYSE: HOS) closed yesterday at $24.60. So far the stock has hit a 52-week low of $10.28 and 52-week high of $30.76. Hornbeck Offshore Services stock has been showing support around 22.27 and resistance in the 27.07 range. Technical indicators for the stock are Bearish and S&P gives HOS a neutral 3 STAR (out of 5) hold rating. HOS appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 22.50 covered call (HOS CX) for a net debit in the $20.90 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 15.04% downside protection and a 7.66% assigned return rate for a 20.85% annualized return rate (comparison purposes only). Hornbeck Offshore Services does not pay dividends at this time. [FBB-Seven Summits Research]
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