Hewitt Associates (HEW) 11/9/09 PriceWatch Alert Bullish Price Movement
Posted: Monday, November 09, 2009 8:19 AM EDT
By: Market Intelligence Center Staff
Hewitt Associates (NYSE: HEW) ended the last trading session at $37.51. So far the stock has hit a 52-week low of $22.78 and 52-week high of $38.33. Hewitt Associates stock has been showing support around 36.54 and resistance in the 38.02 range. Technical indicators for the stock are Bullish and S&P gives HEW a neutral 3 STAR (out of 5) hold rating. HEW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 35 covered call (HEW CG) for a net debit in the $34.01 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 9.33% downside protection and a 2.91% assigned return rate for an 8.11% annualized return rate (comparison purposes only). Hewitt Associates does not pay dividends at this time. [ABR-Seven Summits Research]
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