Wisconsin Energy (WEC) 11/11/09 PriceWatch Alert Targets 14.76% Return

Posted: Wednesday, November 11, 2009 8:12 AM EDT

Wisconsin Energy (NYSE: WEC) closed yesterday at $45.23. So far the stock has hit a 52-week low of $36.31 and 52-week high of $46.50. Wisconsin Energy stock has been showing support around 44.64 and resistance in the 45.76 range. Technical indicators for the stock are Bullish and S&P gives WEC a neutral 3 STAR (out of 5) hold rating. WEC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (WEC AI) for a net debit in the $43.83 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 3.10% downside protection and a 2.67% assigned return rate for a 14.76% annualized return rate (comparison purposes only). Wisconsin Energy has a current annual dividend yield of 2.98%. [WBA-Seven Summits Research]

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