Thermo Fisher Scientific (TMO) 11/9/09 PriceWatch Alert Targets 6.68% Downside Protection
Posted: Monday, November 09, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
Thermo Fisher Scientific (NYSE: TMO) ended the last trading session at $44.88. So far the stock has hit a 52-week low of $26.65 and 52-week high of $48.51. Thermo Fisher Scientific stock has been showing support around 43.69 and resistance in the 45.81 range. Technical indicators for the stock are Bearish and S&P gives TMO a neutral 3 STAR (out of 5) hold rating. TMO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Mar '10 45 covered call (TMO CI) for a net debit in the $41.88 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 6.68% downside protection and a 7.45% assigned return rate for a 20.76% annualized return rate (comparison purposes only). Thermo Fisher Scientific does not pay dividends at this time. [ABR-Seven Summits Research]
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