Millipore (MIL) 11/13/09 PriceWatch Alert Bearish Price Movement
Posted: Friday, November 13, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
Millipore (NYSE: MIL) closed yesterday at $68.10. So far the stock has hit a 52-week low of $43.36 and 52-week high of $72.99. Millipore stock has been showing support around 67.09 and resistance in the 69.45 range. Technical indicators for the stock are Bearish and S&P gives MIL a positive 4 STAR (out of 5) buy rating. MIL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 65 covered call (MIL DM) for a net debit in the $61.90 area. That is also the break even stock price for this trade. This covered call has a 155 day duration, provides 9.10% downside protection and a 5.01% assigned return rate for an 11.79% annualized return rate (comparison purposes only). Millipore does not pay dividends at this time. [FBB-Seven Summits Research]
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