Millipore (MIL) 11/17/09 PriceWatch Alert Bearish Price Movement
Posted: Tuesday, November 17, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Millipore (NYSE: MIL) closed yesterday at $68.54. So far the stock has hit a 52-week low of $43.36 and 52-week high of $72.99. Millipore stock has been showing support around 67.91 and resistance in the 68.99 range. Technical indicators for the stock are Bearish and S&P gives MIL a positive 4 STAR (out of 5) buy rating. MIL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 65 covered call (MIL DM) for a net debit in the $62.24 area. That is also the break even stock price for this trade. This covered call has a 151 day duration, provides 9.19% downside protection and a 4.43% assigned return rate for a 10.72% annualized return rate (comparison purposes only). Millipore does not pay dividends at this time. [ATU-Seven Summits Research]
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