Roper Industries (ROP) 11/18/09 PriceWatch Alert Could Hit 10.47% Return

Posted: Wednesday, November 18, 2009 8:25 AM EDT

Roper Industries (NYSE: ROP) closed yesterday at $53.98. So far the stock has hit a 52-week low of $34.85 and 52-week high of $54.32. Roper Industries stock has been showing support around 53.45 and resistance in the 54.29 range. Technical indicators for the stock are Bullish and S&P gives ROP a positive 4 STAR (out of 5) buy rating. ROP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 50 covered call (ROP EJ) for a net debit in the $47.48 area. That is also the break even stock price for this trade. This covered call has an 185 day duration, provides 12.04% downside protection and a 5.31% assigned return rate for a 10.47% annualized return rate (comparison purposes only). Roper Industries has a current annual dividend yield of 0.63%. [WBA-Seven Summits Research]

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