Loews Corporation (L) 11/6/09 PriceWatch Alert With Support Around $33.87
Posted: Friday, November 06, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Loews Corporation (NYSE: L) closed yesterday at $34.60. So far the stock has hit a 52-week low of $17.40 and 52-week high of $36.66. Loews stock has been showing support around 33.87 and resistance in the 34.99 range. Technical indicators for the stock are Bullish and S&P gives L a positive 4 STAR (out of 5) buy rating. L appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jun '10 30 covered call (L FF) for a net debit in the $29.10 area. That is also the break even stock price for this trade. This covered call has a 225 day duration, provides 15.90% downside protection and a 3.09% assigned return rate for a 5.02% annualized return rate (comparison purposes only). Loews has a current annual dividend yield of 0.73%. [FBB-Seven Summits Research]
CLICK HERE: FREE Loews (L) Stock ReportSee what our analysts have uncovered about Loews (L).
More News For Loews (L):
Loews (L) Trading Near $37.61 Support Level
Friday, February 03, 2012... Loews (NYSE:L) closed Thursday's wandering trading session at $38.00. In the past year, the stock has hit a 52-week low of $32.90 and 52-week high......
http://www.marketintelligencecenter.com/analyfav/1332232
Potential Loews (L) Trade Targets 15.46% Return
Monday, January 09, 2012... Loews (NYSE:L) closed Friday's meandering trading session at $37.72. In the past year, the stock has hit a 52-week low of $32.90 and 52-week high of......
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Loews (L) Trading Near $37.84 Resistance Level
Wednesday, December 21, 2011... Loews Corp (NYSE: L) closed Tuesday's trading session at $37.46. In the past year, the stock has hit a 52-week low of $32.90 and 52-week high of......
http://www.marketintelligencecenter.com/analyfav/1323135
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