Thomson Reuters Corporation (TRI) 11/6/09 PriceWatch Alert Support Down To $31.35
Posted: Friday, November 06, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Thomson Reuters Corporation (NYSE: TRI) closed yesterday at $32.15. So far the stock has hit a 52-week low of $19.30 and 52-week high of $35.88. Thomson Reuters stock has been showing support around 31.35 and resistance in the 32.77 range. Technical indicators for the stock are Bearish and S&P gives TRI a neutral 3 STAR (out of 5) hold rating. TRI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 30 covered call (TRI DF) for a net debit in the $28.75 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 10.58% downside protection and a 4.35% assigned return rate for a 9.80% annualized return rate (comparison purposes only). Thomson Reuters has a current annual dividend yield of 3.52%. [FBB-Seven Summits Research]
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