Rockwell Automation (ROK) 11/18/09 PriceWatch Alert Bullish Price Movement
Posted: Wednesday, November 18, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Rockwell Automation (NYSE: ROK) closed yesterday at $45.19. So far the stock has hit a 52-week low of $17.50 and 52-week high of $45.59. Rockwell Automation stock has been showing support around 43.98 and resistance in the 45.92 range. Technical indicators for the stock are Bullish and S&P gives ROK a neutral 3 STAR (out of 5) hold rating. ROK appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (ROK AI) for a net debit in the $42.54 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 5.86% downside protection and a 5.78% assigned return rate for a 35.77% annualized return rate (comparison purposes only). Rockwell Automation has a current annual dividend yield of 2.66%. [WBA-Seven Summits Research]
CLICK HERE: FREE Rockwell Automation (ROK) Stock ReportSee what our analysts have uncovered about Rockwell Automation (ROK).