Hewitt Associates (HEW) 11/16/09 PriceWatch Alert Could Hit 16.92% Return
Posted: Monday, November 16, 2009 8:25 AM EDT
By: Market Intelligence Center Staff
Hewitt Associates (NYSE: HEW) ended the last trading session at $40.95. So far the stock has hit a 52-week low of $24.40 and 52-week high of $41.15. Hewitt Associates stock has been showing support around 38.44 and resistance in the 42.40 range. Technical indicators for the stock are Bullish and S&P gives HEW a neutral 3 STAR (out of 5) hold rating. HEW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 40 covered call (HEW AH) for a net debit in the $38.90 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 5.01% downside protection and a 2.83% assigned return rate for a 16.92% annualized return rate (comparison purposes only). Hewitt Associates does not pay dividends at this time. [ABR-Seven Summits Research]
CLICK HERE: FREE Hewitt Associates (HEW) Stock ReportSee what our analysts have uncovered about Hewitt Associates (HEW).