Ryland Group (RYL) 11/9/09 PriceWatch Alert Targets 21.23% Return
Posted: Monday, November 09, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
Ryland Group (NYSE: RYL) ended the last trading session at $19.23. So far the stock has hit a 52-week low of $9.95 and 52-week high of $24.94. Ryland Group stock has been showing support around 18.16 and resistance in the 20.60 range. Technical indicators for the stock are Bearish and S&P gives RYL a neutral 3 STAR (out of 5) hold rating. RYL appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 15 covered call (RGV DC) for a net debit in the $13.73 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 28.60% downside protection and a 9.25% assigned return rate for a 21.23% annualized return rate (comparison purposes only). Ryland Group has a current annual dividend yield of 0.62%. [ABR-Seven Summits Research]
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