Universal Health Services (UHS) 11/16/09 PriceWatch Alert Targets 14.94% Return

Posted: Monday, November 16, 2009 8:19 AM EDT

Universal Health Services (NYSE: UHS) ended the last trading session at $58.66. So far the stock has hit a 52-week low of $30.43 and 52-week high of $66.64. Universal Health Services stock has been showing support around 58.03 and resistance in the 59.29 range. Technical indicators for the stock are Neutral and S&P gives UHS a neutral 3 STAR (out of 5) hold rating. UHS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 55 covered call (UHS AK) for a net debit in the $53.66 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 8.52% downside protection and a 2.50% assigned return rate for a 14.94% annualized return rate (comparison purposes only). Universal Health Services has a current annual dividend yield of 0.55%. [ABR-Seven Summits Research]

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