Unilever (UN) 11/16/09 PriceWatch Alert With Support Around $30.96
Posted: Monday, November 16, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
Unilever (NYSE: UN) ended the last trading session at $31.38. So far the stock has hit a 52-week low of $16.91 and 52-week high of $31.86. Unilever stock has been showing support around 30.96 and resistance in the 31.68 range. Technical indicators for the stock are Bullish and S&P gives UN a neutral 3 STAR (out of 5) hold rating. UN appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 30 covered call (UN EF) for a net debit in the $28.63 area. That is also the break even stock price for this trade. This covered call has an 187 day duration, provides 8.76% downside protection and a 4.79% assigned return rate for a 9.34% annualized return rate (comparison purposes only). Unilever has a current annual dividend yield of 1.87%. [ABR-Seven Summits Research]
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