Sanofi Aventis (SNY) 11/17/09 PriceWatch Alert At $35.34 Break Even
Posted: Tuesday, November 17, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
Sanofi Aventis (NYSE: SNY) closed yesterday at $38.94. So far the stock has hit a 52-week low of $23.95 and 52-week high of $40.17. Sanofi Aventis stock has been showing support around 38.29 and resistance in the 39.39 range. Technical indicators for the stock are Bullish and S&P gives SNY a neutral 3 STAR (out of 5) hold rating. SNY appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jun '10 37.50 covered call (SNY FU) for a net debit in the $35.34 area. That is also the break even stock price for this trade. This covered call has a 214 day duration, provides 9.24% downside protection and a 6.11% assigned return rate for a 10.42% annualized return rate (comparison purposes only). Sanofi Aventis has a current annual dividend yield of 2.94%. [ATU-Seven Summits Research]
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