Marsh and McLennan (MMC) 11/6/09 PriceWatch Alert Shows Bearish Technicals

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

Marsh and McLennan (NYSE: MMC) closed yesterday at $23.47. So far the stock has hit a 52-week low of $17.18 and 52-week high of $26.49. Marsh and McLennan stock has been showing support around 22.69 and resistance in the 23.91 range. Technical indicators for the stock are Bearish and S&P gives MMC a neutral 3 STAR (out of 5) hold rating. MMC appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 22.50 covered call (MMC DX) for a net debit in the $21.27 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 9.37% downside protection and a 5.78% assigned return rate for a 13.03% annualized return rate (comparison purposes only). Marsh and McLennan has a current annual dividend yield of 3.42%. [FBB-Seven Summits Research]

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