Credit Suisse Group (CS) 11/17/09 PriceWatch Alert Targets 25.04% Return
Posted: Tuesday, November 17, 2009 8:11 AM EDT
By: Market Intelligence Center Staff
Credit Suisse Group (NYSE: CS) closed yesterday at $56.82. So far the stock has hit a 52-week low of $18.61 and 52-week high of $60.08. Credit Suisse Group stock has been showing support around 55.91 and resistance in the 58.09 range. Technical indicators for the stock are Bullish and S&P gives CS a positive 4 STAR (out of 5) buy rating. CS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 55 covered call (CS CK) for a net debit in the $50.72 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 10.74% downside protection and an 8.44% assigned return rate for a 25.04% annualized return rate (comparison purposes only). Credit Suisse Group has a current annual dividend yield of 0.11%. [ATU-Seven Summits Research]
CLICK HERE: FREE Credit Suisse Group (CS) Stock ReportSee what our analysts have uncovered about Credit Suisse Group (CS).