Roper Industries (ROP) 11/13/09 PriceWatch Alert Technicals Showing Bullish
Posted: Friday, November 13, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Roper Industries (NYSE: ROP) closed yesterday at $52.16. 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 50.95 and resistance in the 54.11 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 $48.56 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 6.90% downside protection and a 2.97% assigned return rate for a 16.91% annualized return rate (comparison purposes only). Roper Industries has a current annual dividend yield of 0.62%. [FBB-Seven Summits Research]
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