Roper Industries (ROP) PriceWatch Alert for November 17, 2009
Posted: Tuesday, November 17, 2009 8:19 AM EDT
By: Market Intelligence Center Staff
Roper Industries (NYSE: ROP) closed yesterday at $54.00. So far the stock has hit a 52-week low of $34.85 and 52-week high of $54.32. Roper Industries stock has been showing support around 52.19 and resistance in the 55.23 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 May '10 50 covered call (ROP EJ) for a net debit in the $47.40 area. That is also the break even stock price for this trade. This covered call has an 186 day duration, provides 12.22% downside protection and a 5.49% assigned return rate for a 10.76% annualized return rate (comparison purposes only). Roper Industries has a current annual dividend yield of 0.63%. [ATU-Seven Summits Research]
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