Universal (UVV) 11/12/09 PriceWatch Alert With Support Around $44.73
Posted: Thursday, November 12, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
Universal (NYSE: UVV) closed yesterday at $45.50. So far the stock has hit a 52-week low of $25.35 and 52-week high of $45.61. Universal stock has been showing support around 44.73 and resistance in the 45.99 range. Technical indicators for the stock are Bullish and S&P gives UVV a positive 4 STAR (out of 5) buy rating. UVV appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 45 covered call (UVV BI) for a net debit in the $42.50 area. That is also the break even stock price for this trade. This covered call has a 100 day duration, provides 6.59% downside protection and a 5.88% assigned return rate for a 21.47% annualized return rate (comparison purposes only). Universal has a current annual dividend yield of 4.23%. [THA-Seven Summits Research]
CLICK HERE: FREE Universal (UVV) Stock ReportSee what our analysts have uncovered about Universal (UVV).