Mosaic (MOS) 11/13/09 PriceWatch Alert With Support Around $47.71
Posted: Friday, November 13, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Mosaic (NYSE: MOS) closed yesterday at $49.71. So far the stock has hit a 52-week low of $21.94 and 52-week high of $59.34. Mosaic stock has been showing support around 47.71 and resistance in the 52.79 range. Technical indicators for the stock are Bearish. MOS appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 50 covered call (MOS CJ) for a net debit in the $44.16 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 11.16% downside protection and a 13.22% assigned return rate for a 38.01% annualized return rate (comparison purposes only). Mosaic has a current annual dividend yield of 0.39%. [FBB-Seven Summits Research]
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