Credit Suisse Group (CS) 11/9/09 PriceWatch Alert At $50.08 Break Even
Posted: Monday, November 09, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Credit Suisse Group (NYSE: CS) ended the last trading session at $55.68. So far the stock has hit a 52-week low of $18.61 and 52-week high of $60.08. Credit Suisse Group stock has been showing support around 54.12 and resistance in the 56.80 range. Technical indicators for the stock are Bullish and S&P gives CS a positive 4 STAR (out of 5) buy rating. CS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 55 covered call (CS CK) for a net debit in the $50.08 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 10.06% downside protection and a 9.82% assigned return rate for a 27.37% annualized return rate (comparison purposes only). Credit Suisse Group has a current annual dividend yield of 0.11%. [ABR-Seven Summits Research]
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