Hewitt Associates (HEW) 11/12/09 PriceWatch Alert With Support Around $39.38
Posted: Thursday, November 12, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
Hewitt Associates (NYSE: HEW) closed yesterday at $40.38. So far the stock has hit a 52-week low of $22.78 and 52-week high of $40.72. Hewitt Associates stock has been showing support around 39.38 and resistance in the 41.22 range. Technical indicators for the stock are Bullish and S&P gives HEW a neutral 3 STAR (out of 5) hold rating. HEW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 40 covered call (HEW AH) for a net debit in the $38.63 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 4.33% downside protection and a 3.55% assigned return rate for a 19.91% annualized return rate (comparison purposes only). Hewitt Associates does not pay dividends at this time. [THA-Seven Summits Research]
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