Roper Industries (ROP) 11/9/09 PriceWatch Alert Support Down To $51.14
Posted: Monday, November 09, 2009 8:02 AM EDT
By: Market Intelligence Center Staff
Roper Industries (NYSE: ROP) ended the last trading session at $52.35. So far the stock has hit a 52-week low of $34.85 and 52-week high of $53.33. Roper Industries stock has been showing support around 51.14 and resistance in the 53.06 range. Technical indicators for the stock are Bullish and S&P gives ROP a positive 4 STAR (out of 5) buy rating. ROP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 50 covered call (ROP BJ) for a net debit in the $47.75 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 8.79% downside protection and a 4.71% assigned return rate for a 16.70% annualized return rate (comparison purposes only). Roper Industries has a current annual dividend yield of 0.65%. [ABR-Seven Summits Research]
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