Polo Ralph Lauren (RL) 11/6/09 PriceWatch Alert Bullish Price Movement
Posted: Friday, November 06, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) closed yesterday at $77.72. So far the stock has hit a 52-week low of $31.22 and 52-week high of $80.45. Polo Ralph Lauren stock has been showing support around 74.49 and resistance in the 79.39 range. Technical indicators for the stock are Bullish and S&P gives RL a very positive 5 STAR (out of 5) strong buy rating. RL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 75 covered call (RL AO) for a net debit in the $70.92 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 8.75% downside protection and a 5.75% assigned return rate for a 29.58% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.25%. [FBB-Seven Summits Research]
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