O'Reilly Automotive Inc. (ORLY) 11/9/09 PriceWatch Alert Support At Around $37.12
Posted: Monday, November 09, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
O'Reilly Automotive Inc. (NasdaqNM: ORLY) ended the last trading session at $38.44. So far the stock has hit a 52-week low of $21.36 and 52-week high of $42.92. O'Reilly Automotive stock has been showing support around 37.12 and resistance in the 39.42 range. Technical indicators for the stock are Bullish and S&P gives ORLY a positive 4 STAR (out of 5) buy rating. ORLY appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 40 covered call (OQR BH) for a net debit in the $36.44 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 5.20% downside protection and a 9.77% assigned return rate for a 34.62% annualized return rate (comparison purposes only). O'Reilly Automotive does not pay dividends at this time. [ABR-Seven Summits Research]
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