Thermo Fisher Scientific (TMO) 11/16/09 PriceWatch Alert Down To $41.85 Break Even
Posted: Monday, November 16, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Thermo Fisher Scientific (NYSE: TMO) ended the last trading session at $44.60. 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 42.97 and resistance in the 45.85 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 $41.85 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 6.17% downside protection and a 7.53% assigned return rate for a 22.16% annualized return rate (comparison purposes only). Thermo Fisher Scientific does not pay dividends at this time. [ABR-Seven Summits Research]
CLICK HERE: FREE Thermo Fisher Scientific (TMO) Stock ReportSee what our analysts have uncovered about Thermo Fisher Scientific (TMO).