Fortune Brands (FO) 11/10/09 PriceWatch Alert At $37.88 Break Even
Posted: Tuesday, November 10, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
Fortune Brands (NYSE: FO) closed yesterday at $40.58. So far the stock has hit a 52-week low of $17.68 and 52-week high of $46.77. Fortune Brands stock has been showing support around 39.09 and resistance in the 41.35 range. Technical indicators for the stock are Neutral and S&P gives FO a neutral 3 STAR (out of 5) hold rating. FO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 40 covered call (FO AH) for a net debit in the $37.88 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 6.65% downside protection and a 5.60% assigned return rate for a 30.49% annualized return rate (comparison purposes only). Fortune Brands has a current annual dividend yield of 1.91%. [ATU-Seven Summits Research]
CLICK HERE: FREE Fortune Brands (FO) Stock ReportSee what our analysts have uncovered about Fortune Brands (FO).