Rockwell Collins (COL) 11/12/09 PriceWatch Alert Targets 7.03% Downside Protection
Posted: Thursday, November 12, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
Rockwell Collins (NYSE: COL) closed yesterday at $52.60. So far the stock has hit a 52-week low of $27.67 and 52-week high of $53.07. Rockwell Collins stock has been showing support around 52.05 and resistance in the 53.27 range. Technical indicators for the stock are Bullish and S&P gives COL a positive 4 STAR (out of 5) buy rating. COL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 50 covered call (COL AJ) for a net debit in the $48.90 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 7.03% downside protection and a 2.25% assigned return rate for a 12.63% annualized return rate (comparison purposes only). Rockwell Collins has a current annual dividend yield of 1.82%. [THA-Seven Summits Research]
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