O'Reilly Automotive Inc. (ORLY) 11/6/09 PriceWatch Alert Bullish Price Movement
Posted: Friday, November 06, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
O'Reilly Automotive Inc. (NasdaqNM: ORLY) closed yesterday at $37.78. So far the stock has hit a 52-week low of $21.36 and 52-week high of $42.92. O'Reilly Automotive stock has been showing support around 36.80 and resistance in the 38.46 range. Technical indicators for the stock are Bullish and S&P gives ORLY a positive 4 STAR (out of 5) buy rating. ORLY appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 40 covered call (OQR BH) for a net debit in the $36.13 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 4.37% downside protection and a 10.71% assigned return rate for a 36.88% annualized return rate (comparison purposes only). O'Reilly Automotive does not pay dividends at this time. [FBB-Seven Summits Research]
CLICK HERE: FREE O'Reilly Automotive (ORLY) Stock ReportSee what our analysts have uncovered about O'Reilly Automotive (ORLY).