Unilever (UN) 11/12/09 PriceWatch Alert With Support Around $31.14
Posted: Thursday, November 12, 2009 8:28 AM EDT
By: Market Intelligence Center Staff
Unilever (NYSE: UN) closed yesterday at $31.50. So far the stock has hit a 52-week low of $16.91 and 52-week high of $31.86. Unilever stock has been showing support around 31.14 and resistance in the 32.04 range. Technical indicators for the stock are Bullish and S&P gives UN a neutral 3 STAR (out of 5) hold rating. UN appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 30 covered call (UN EF) for a net debit in the $28.65 area. That is also the break even stock price for this trade. This covered call has a 191 day duration, provides 9.05% downside protection and a 4.71% assigned return rate for a 9.00% annualized return rate (comparison purposes only). Unilever has a current annual dividend yield of 1.88%. [THA-Seven Summits Research]
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