Arch Capital Group (ACGL) 11/6/09 PriceWatch Alert Support At Around $67.20
Posted: Friday, November 06, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
Arch Capital Group (NasdaqNM: ACGL) closed yesterday at $67.94. So far the stock has hit a 52-week low of $44.68 and 52-week high of $71.00. Arch Capital Group stock has been showing support around 67.20 and resistance in the 68.68 range. Technical indicators for the stock are Bullish and S&P gives ACGL a neutral 3 STAR (out of 5) hold rating. ACGL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 65 covered call (UOZ CM) for a net debit in the $62.54 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 7.95% downside protection and a 3.93% assigned return rate for a 10.71% annualized return rate (comparison purposes only). Arch Capital Group does not pay dividends at this time. [FBB-Seven Summits Research]
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