Millipore (MIL) 11/18/09 PriceWatch Alert With $62.20 Break Even
Posted: Wednesday, November 18, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
Millipore (NYSE: MIL) closed yesterday at $68.60. 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 67.88 and resistance in the 69.10 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 $62.20 area. That is also the break even stock price for this trade. This covered call has a 150 day duration, provides 9.33% downside protection and a 4.50% assigned return rate for a 10.95% annualized return rate (comparison purposes only). Millipore does not pay dividends at this time. [WBA-Seven Summits Research]
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