Credit Suisse Group (CS) 11/16/09 PriceWatch Alert Support At Around $54.29
Posted: Monday, November 16, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
Credit Suisse Group (NYSE: CS) ended the last trading session at $55.96. So far the stock has hit a 52-week low of $18.61 and 52-week high of $60.08. Credit Suisse Group stock has been showing support around 54.29 and resistance in the 57.09 range. Technical indicators for the stock are Bullish and S&P gives CS a positive 4 STAR (out of 5) buy rating. CS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 55 covered call (CS CK) for a net debit in the $50.56 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 9.65% downside protection and an 8.78% assigned return rate for a 25.85% annualized return rate (comparison purposes only). Credit Suisse Group has a current annual dividend yield of 0.11%. [ABR-Seven Summits Research]
CLICK HERE: FREE Credit Suisse Group (CS) Stock ReportSee what our analysts have uncovered about Credit Suisse Group (CS).