Universal (UVV) PriceWatch Alert for November 10, 2009
Posted: Tuesday, November 10, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Universal (NYSE: UVV) closed yesterday at $43.53. So far the stock has hit a 52-week low of $25.35 and 52-week high of $45.30. Universal stock has been showing support around 42.47 and resistance in the 45.17 range. Technical indicators for the stock are Bullish and S&P gives UVV a positive 4 STAR (out of 5) buy rating. UVV appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 40 covered call (UVV EH) for a net debit in the $37.83 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 13.09% downside protection and a 5.74% assigned return rate for a 10.85% annualized return rate (comparison purposes only). Universal has a current annual dividend yield of 4.23%. [ATU-Seven Summits Research]
CLICK HERE: FREE Universal (UVV) Stock ReportSee what our analysts have uncovered about Universal (UVV).