Silicon Labs. (SLAB) 11/6/09 PriceWatch Alert Technicals Showing Bearish

Posted: Friday, November 06, 2009 8:28 AM EDT

Silicon Labs. (NasdaqNM: SLAB) closed yesterday at $41.99. So far the stock has hit a 52-week low of $17.05 and 52-week high of $49.08. Silicon Labs. stock has been showing support around 40.79 and resistance in the 43.07 range. Technical indicators for the stock are Bearish and S&P gives SLAB a neutral 3 STAR (out of 5) hold rating. SLAB appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 40 covered call (QFJ AH) for a net debit in the $38.69 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 7.86% downside protection and a 3.39% assigned return rate for a 17.41% annualized return rate (comparison purposes only). Silicon Labs. does not pay dividends at this time. [FBB-Seven Summits Research]

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