Polo Ralph Lauren (RL) 11/12/09 PriceWatch Alert Support Down To $79.44
Posted: Thursday, November 12, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) closed yesterday at $81.51. So far the stock has hit a 52-week low of $31.22 and 52-week high of $83.50. Polo Ralph Lauren stock has been showing support around 79.44 and resistance in the 84.04 range. Technical indicators for the stock are Bullish and S&P gives RL a very positive 5 STAR (out of 5) strong buy rating. RL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 80 covered call (RL AP) for a net debit in the $75.61 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 7.24% downside protection and a 5.81% assigned return rate for a 32.60% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.24%. [THA-Seven Summits Research]
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