Rockwell Collins (COL) 11/17/09 PriceWatch Alert With 10.98% Downside Protection
Posted: Tuesday, November 17, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Rockwell Collins (NYSE: COL) closed yesterday at $53.72. So far the stock has hit a 52-week low of $27.67 and 52-week high of $53.88. Rockwell Collins stock has been showing support around 52.41 and resistance in the 54.53 range. Technical indicators for the stock are Bullish and S&P gives COL a positive 4 STAR (out of 5) buy rating. COL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 50 covered call (COL DJ) for a net debit in the $47.82 area. That is also the break even stock price for this trade. This covered call has a 151 day duration, provides 10.98% downside protection and a 4.56% assigned return rate for an 11.02% annualized return rate (comparison purposes only). Rockwell Collins has a current annual dividend yield of 1.84%. [ATU-Seven Summits Research]
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