Health Care Property Investors (HCP) Showing Bullish Technicals And Listed On Investors Observer Hedged Dividend Income List
Posted: Thursday, November 12, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Health Care Property Investors (NYSE: HCP) closed yesterday at $29.23. So far the stock has hit a 52-week low of $14.26 and 52-week high of $31.09. Health Care Property Investors stock has been showing support around 28.30 and resistance in the 29.72 range. Technical indicators for the stock are Bullish and S&P gives HCP a neutral 3 STAR (out of 5) hold rating. HCP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 25 covered call (HCP DE) for a net debit in the $23.93 area. That is also the break even stock price for this trade. This covered call has a 156 day duration, provides 18.13% downside protection and a 4.47% assigned return rate for a 10.46% annualized return rate (comparison purposes only). Health Care Property Investors has a current annual dividend yield of 6.38%. [THA-Seven Summits Research]
Source: IOHPWA
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http://www.marketintelligencecenter.com/multiarticle.aspx?story=1332503&page=3
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