Credit Suisse Group (CS) 11/10/09 PriceWatch Alert With $51.62 Break Even
Posted: Tuesday, November 10, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
Credit Suisse Group (NYSE: CS) closed yesterday at $58.62. So far the stock has hit a 52-week low of $18.61 and 52-week high of $60.08. Credit Suisse Group stock has been showing support around 56.45 and resistance in the 59.81 range. Technical indicators for the stock are Bullish and S&P gives CS a positive 4 STAR (out of 5) buy rating. CS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 55 covered call (CS CK) for a net debit in the $51.62 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 11.94% downside protection and a 6.55% assigned return rate for an 18.38% annualized return rate (comparison purposes only). Credit Suisse Group has a current annual dividend yield of 0.11%. [ATU-Seven Summits Research]
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