Ryland Group (RYL) 11/13/09 PriceWatch Alert Support At Around $18.80
Posted: Friday, November 13, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
Ryland Group (NYSE: RYL) closed yesterday at $19.51. So far the stock has hit a 52-week low of $9.95 and 52-week high of $24.94. Ryland Group stock has been showing support around 18.80 and resistance in the 20.70 range. Technical indicators for the stock are Bearish and S&P gives RYL a neutral 3 STAR (out of 5) hold rating. RYL appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 15 covered call (RGV DC) for a net debit in the $13.81 area. That is also the break even stock price for this trade. This covered call has a 155 day duration, provides 29.22% downside protection and an 8.62% assigned return rate for a 20.29% annualized return rate (comparison purposes only). Ryland Group has a current annual dividend yield of 0.63%. [FBB-Seven Summits Research]
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