Hewitt Associates (HEW) 11/17/09 PriceWatch Alert Targets 12.93% Return
Posted: Tuesday, November 17, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
Hewitt Associates (NYSE: HEW) closed yesterday at $41.23. So far the stock has hit a 52-week low of $24.40 and 52-week high of $41.23. Hewitt Associates stock has been showing support around 40.50 and resistance in the 41.60 range. Technical indicators for the stock are Bullish and S&P gives HEW a neutral 3 STAR (out of 5) hold rating. HEW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 40 covered call (HEW CH) for a net debit in the $38.33 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 7.03% downside protection and a 4.36% assigned return rate for a 12.93% annualized return rate (comparison purposes only). Hewitt Associates does not pay dividends at this time. [ATU-Seven Summits Research]
CLICK HERE: FREE Hewitt Associates (HEW) Stock ReportSee what our analysts have uncovered about Hewitt Associates (HEW).