Hewitt Associates (HEW) 11/18/09 PriceWatch Alert Up To 12.06% Return
Posted: Wednesday, November 18, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
Hewitt Associates (NYSE: HEW) closed yesterday at $41.45. So far the stock has hit a 52-week low of $24.57 and 52-week high of $41.49. Hewitt Associates stock has been showing support around 40.92 and resistance in the 41.76 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 $38.45 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 7.24% downside protection and a 4.03% assigned return rate for a 12.06% annualized return rate (comparison purposes only). Hewitt Associates does not pay dividends at this time. [WBA-Seven Summits Research]
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