Expeditors International of Washington (EXPD) 11/17/09 PriceWatch Alert Targets 14.88% Downside Protection
Posted: Tuesday, November 17, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
Expeditors International of Washington (NasdaqNM: EXPD) closed yesterday at $32.92. So far the stock has hit a 52-week low of $23.86 and 52-week high of $38.10. Expeditors International of Washington stock has been showing support around 31.85 and resistance in the 33.67 range. Technical indicators for the stock are Neutral and S&P gives EXPD a positive 4 STAR (out of 5) buy rating. EXPD appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a May '10 30 covered call (URP EF) for a net debit in the $28.02 area. That is also the break even stock price for this trade. This covered call has an 186 day duration, provides 14.88% downside protection and a 7.07% assigned return rate for a 13.87% annualized return rate (comparison purposes only). Expeditors International of Washington has a current annual dividend yield of 1.17%. [ATU-Seven Summits Research]
CLICK HERE: FREE Expeditors International of Washington (EXPD) Stock ReportSee what our analysts have uncovered about Expeditors International of Washington (EXPD).