Vornado Realty Trust (VNO) 11/10/09 PriceWatch Alert Support At Around $60.63
Posted: Tuesday, November 10, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
Vornado Realty Trust (NYSE: VNO) closed yesterday at $64.19. So far the stock has hit a 52-week low of $27.01 and 52-week high of $70.23. Vornado Realty Trust stock has been showing support around 60.63 and resistance in the 66.03 range. Technical indicators for the stock are Bullish and S&P gives VNO a neutral 3 STAR (out of 5) hold rating. VNO appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 60 covered call (VNO AL) for a net debit in the $57.09 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 11.06% downside protection and a 5.10% assigned return rate for a 27.77% annualized return rate (comparison purposes only). Vornado Realty Trust has a current annual dividend yield of 1.52%. [ATU-Seven Summits Research]
CLICK HERE: FREE Vornado Realty Trust (VNO) Stock ReportSee what our analysts have uncovered about Vornado Realty Trust (VNO).