Universal Health Services (UHS) 11/11/09 PriceWatch Alert Targets 7.91% Downside Protection
Posted: Wednesday, November 11, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
Universal Health Services (NYSE: UHS) closed yesterday at $58.15. So far the stock has hit a 52-week low of $30.43 and 52-week high of $66.64. Universal Health Services stock has been showing support around 56.98 and resistance in the 59.02 range. Technical indicators for the stock are Bearish and S&P gives UHS a neutral 3 STAR (out of 5) hold rating. UHS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 55 covered call (UHS AK) for a net debit in the $53.55 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 7.91% downside protection and a 2.71% assigned return rate for a 14.97% annualized return rate (comparison purposes only). Universal Health Services has a current annual dividend yield of 0.55%. [WBA-Seven Summits Research]
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