Liberty Property Trust (LRY) 11/10/09 PriceWatch Alert Shows Bullish Technicals
Posted: Tuesday, November 10, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
Liberty Property Trust (NYSE: LRY) closed yesterday at $30.57. So far the stock has hit a 52-week low of $11.83 and 52-week high of $36.18. Liberty Property Trust stock has been showing support around 28.52 and resistance in the 31.66 range. Technical indicators for the stock are Bullish and S&P gives LRY a neutral 3 STAR (out of 5) hold rating. LRY appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 30 covered call (LRY AF) for a net debit in the $28.57 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 6.54% downside protection and a 5.01% assigned return rate for a 27.27% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.56%. [ATU-Seven Summits Research]
CLICK HERE: FREE Liberty Property Trust (LRY) Stock ReportSee what our analysts have uncovered about Liberty Property Trust (LRY).