Kansas City Southern (KSU) 11/11/09 PriceWatch Alert With Support Around $28.37
Posted: Wednesday, November 11, 2009 8:28 AM EDT
By: Market Intelligence Center Staff
Kansas City Southern (NYSE: KSU) closed yesterday at $28.93. So far the stock has hit a 52-week low of $12.25 and 52-week high of $29.50. Kansas City Southern stock has been showing support around 28.37 and resistance in the 29.41 range. Technical indicators for the stock are Bullish and S&P gives KSU a positive 4 STAR (out of 5) buy rating. KSU appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 25 covered call (KSU CE) for a net debit in the $23.73 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 17.97% downside protection and a 5.35% assigned return rate for a 15.14% annualized return rate (comparison purposes only). Kansas City Southern does not pay dividends at this time. [WBA-Seven Summits Research]
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