SAP AG (SAP) 11/17/09 PriceWatch Alert Targets 5.01% Downside Protection
Posted: Tuesday, November 17, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
SAP AG (NYSE: SAP) closed yesterday at $48.93. So far the stock has hit a 52-week low of $29.37 and 52-week high of $52.73. SAP AG stock has been showing support around 48.49 and resistance in the 49.39 range. Technical indicators for the stock are Bullish and S&P gives SAP a positive 4 STAR (out of 5) buy rating. SAP appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 48 covered call (PFZ AV) for a net debit in the $46.48 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 5.01% downside protection and a 3.27% assigned return rate for a 19.89% annualized return rate (comparison purposes only). SAP AG has a current annual dividend yield of 1.06%. [ATU-Seven Summits Research]
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