Thermo Fisher Scientific (TMO) 11/13/09 PriceWatch Alert Shows Bearish Technicals
Posted: Friday, November 13, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Thermo Fisher Scientific (NYSE: TMO) closed yesterday at $44.47. So far the stock has hit a 52-week low of $26.65 and 52-week high of $48.51. Thermo Fisher Scientific stock has been showing support around 43.89 and resistance in the 45.37 range. Technical indicators for the stock are Bearish and S&P gives TMO a neutral 3 STAR (out of 5) hold rating. TMO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Mar '10 45 covered call (TMO CI) for a net debit in the $41.67 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 6.30% downside protection and a 7.99% assigned return rate for a 22.97% annualized return rate (comparison purposes only). Thermo Fisher Scientific does not pay dividends at this time. [FBB-Seven Summits Research]
CLICK HERE: FREE Thermo Fisher Scientific (TMO) Stock ReportSee what our analysts have uncovered about Thermo Fisher Scientific (TMO).