Thermo Fisher Scientific (TMO) 11/6/09 PriceWatch Alert Support Down To $43.84
Posted: Friday, November 06, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
Thermo Fisher Scientific (NYSE: TMO) closed yesterday at $44.73. So far the stock has hit a 52-week low of $26.65 and 52-week high of $48.51. Thermo Fisher Scientific stock has been showing support around 43.84 and resistance in the 45.60 range. Technical indicators for the stock are Bearish and S&P gives TMO a neutral 3 STAR (out of 5) hold rating. TMO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Mar '10 45 covered call (TMO CI) for a net debit in the $41.73 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 6.71% downside protection and a 7.84% assigned return rate for a 21.34% annualized return rate (comparison purposes only). Thermo Fisher Scientific does not pay dividends at this time. [FBB-Seven Summits Research]
CLICK HERE: FREE Thermo Fisher Scientific (TMO) Stock ReportSee what our analysts have uncovered about Thermo Fisher Scientific (TMO).