Polo Ralph Lauren (RL) Has Very Positive S&P Rating And Makes Investors Observer Hedged Dividend Income List
Posted: Wednesday, November 11, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) closed yesterday at $80.64. So far the stock has hit a 52-week low of $31.22 and 52-week high of $83.50. Polo Ralph Lauren stock has been showing support around 78.40 and resistance in the 84.62 range. Technical indicators for the stock are Bullish and S&P gives RL a very positive 5 STAR (out of 5) strong buy rating. RL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 80 covered call (RL AP) for a net debit in the $75.04 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 6.94% downside protection and a 6.61% assigned return rate for a 36.55% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.24%. [WBA-Seven Summits Research]
CLICK HERE: FREE Polo Ralph Lauren (RL) Stock ReportSee what our analysts have uncovered about Polo Ralph Lauren (RL).