Roper Industries (ROP) 11/16/09 PriceWatch Alert Could Hit 16.23% Return
Posted: Monday, November 16, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
Roper Industries (NYSE: ROP) ended the last trading session at $52.78. So far the stock has hit a 52-week low of $34.85 and 52-week high of $53.81. Roper Industries stock has been showing support around 51.31 and resistance in the 53.95 range. Technical indicators for the stock are Bullish and S&P gives ROP a positive 4 STAR (out of 5) buy rating. ROP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 50 covered call (ROP AJ) for a net debit in the $48.68 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 7.77% downside protection and a 2.71% assigned return rate for a 16.23% annualized return rate (comparison purposes only). Roper Industries has a current annual dividend yield of 0.62%. [ABR-Seven Summits Research]
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