Roper Industries (ROP) 11/12/09 PriceWatch Alert With Support Around $51.96
Posted: Thursday, November 12, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
Roper Industries (NYSE: ROP) closed yesterday at $53.03. So far the stock has hit a 52-week low of $34.85 and 52-week high of $53.81. Roper Industries stock has been showing support around 51.96 and resistance in the 54.22 range. Technical indicators for the stock are Bullish and S&P gives ROP a positive 4 STAR (out of 5) buy rating. ROP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 50 covered call (ROP AJ) for a net debit in the $48.83 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 7.92% downside protection and a 2.40% assigned return rate for a 13.45% annualized return rate (comparison purposes only). Roper Industries has a current annual dividend yield of 0.62%. [THA-Seven Summits Research]
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