Expeditors International of Washington (EXPD) 11/12/09 PriceWatch Alert With Support Around $31.92
Posted: Thursday, November 12, 2009 8:40 AM EDT
By: Market Intelligence Center Staff
Expeditors International of Washington (NasdaqNM: EXPD) closed yesterday at $32.92. So far the stock has hit a 52-week low of $23.86 and 52-week high of $38.10. Expeditors International of Washington stock has been showing support around 31.92 and resistance in the 33.46 range. Technical indicators for the stock are Bearish and S&P gives EXPD a positive 4 STAR (out of 5) buy rating. EXPD appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Feb '10 30 covered call (URP BF) for a net debit in the $28.82 area. That is also the break even stock price for this trade. This covered call has a 100 day duration, provides 12.45% downside protection and a 4.09% assigned return rate for a 14.94% annualized return rate (comparison purposes only). Expeditors International of Washington has a current annual dividend yield of 1.18%. [THA-Seven Summits Research]
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