Aon (AOC) 11/6/09 PriceWatch Alert Support At Around $38.50
Posted: Friday, November 06, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
Aon (NYSE: AOC) closed yesterday at $39.17. So far the stock has hit a 52-week low of $34.81 and 52-week high of $46.50. Aon stock has been showing support around 38.50 and resistance in the 39.56 range. Technical indicators for the stock are Bearish and S&P gives AOC a positive 4 STAR (out of 5) buy rating. AOC appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 40 covered call (AOC AH) for a net debit in the $37.92 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 3.19% downside protection and a 5.49% assigned return rate for a 28.20% annualized return rate (comparison purposes only). Aon has a current annual dividend yield of 1.56%. [FBB-Seven Summits Research]
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