Cadbury Plc (CBY) On Investors Observer Volume Leaders List With Bullish Technicals

Posted: Friday, November 06, 2009 9:27 AM EDT

Cadbury Plc (NYSE: CBY) closed yesterday at $49.87. So far the stock has hit a 52-week low of $27.58 and 52-week high of $53.21. Cadbury stock has been showing support around 49.33 and resistance in the 50.81 range. Technical indicators for the stock are Bullish. CBY appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 50 covered call (CBY CJ) for a net debit in the $47.17 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 5.41% downside protection and a 6.00% assigned return rate for a 16.34% annualized return rate (comparison purposes only). Cadbury has a current annual dividend yield of 1.98%. [FBB-Seven Summits Research]

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