Siemens (SI) Showing Bearish Technicals But Has Support Above $90
Posted: Monday, November 09, 2009 9:01 AM EDT
By: Market Intelligence Center Staff
Siemens Aktiengesellschaft (NYSE: SI) ended the last trading session at $92.13. So far the stock has hit a 52-week low of $47.51 and 52-week high of $103.08. Siemens Aktiengesellschaft stock has been showing support around 90.08 and resistance in the 94.08 range. Technical indicators for the stock are Bearish. SI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 90 covered call (SI AR) for a net debit in the $84.73 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 8.03% downside protection and a 6.22% assigned return rate for a 33.39% annualized return rate (comparison purposes only). Siemens Aktiengesellschaft has a current annual dividend yield of 1.70%. [ABR-Seven Summits Research]
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