Sanofi Aventis (SNY) 11/13/09 PriceWatch Alert Bullish Price Movement
Posted: Friday, November 13, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
Sanofi Aventis (NYSE: SNY) closed yesterday at $37.96. So far the stock has hit a 52-week low of $23.95 and 52-week high of $40.17. Sanofi Aventis stock has been showing support around 37.51 and resistance in the 38.75 range. Technical indicators for the stock are Bullish and S&P gives SNY a neutral 3 STAR (out of 5) hold rating. SNY appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jun '10 37.50 covered call (SNY FU) for a net debit in the $34.76 area. That is also the break even stock price for this trade. This covered call has a 218 day duration, provides 8.43% downside protection and a 7.88% assigned return rate for a 13.20% annualized return rate (comparison purposes only). Sanofi Aventis has a current annual dividend yield of 2.95%. [FBB-Seven Summits Research]
CLICK HERE: FREE Sanofi Aventis (SNY) Stock ReportSee what our analysts have uncovered about Sanofi Aventis (SNY).