Rockwell Collins (COL) 11/18/09 PriceWatch Alert Targets 10.40% Return
Posted: Wednesday, November 18, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Rockwell Collins (NYSE: COL) closed yesterday at $53.75. 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 52.82 and resistance in the 54.26 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 $47.95 area. That is also the break even stock price for this trade. This covered call has a 150 day duration, provides 10.79% downside protection and a 4.28% assigned return rate for a 10.40% annualized return rate (comparison purposes only). Rockwell Collins has a current annual dividend yield of 1.81%. [WBA-Seven Summits Research]
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