Unilever (UN) 11/17/09 PriceWatch Alert Support At Around $31.64
Posted: Tuesday, November 17, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
Unilever (NYSE: UN) closed yesterday at $32.04. So far the stock has hit a 52-week low of $16.91 and 52-week high of $32.14. Unilever stock has been showing support around 31.64 and resistance in the 32.34 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 $28.84 area. That is also the break even stock price for this trade. This covered call has an 186 day duration, provides 9.99% downside protection and a 4.02% assigned return rate for a 7.89% annualized return rate (comparison purposes only). Unilever has a current annual dividend yield of 1.88%. [ATU-Seven Summits Research]
CLICK HERE: FREE Unilever (UN) Stock ReportSee what our analysts have uncovered about Unilever (UN).