Thermo Fisher Scientific (TMO) 11/18/09 PriceWatch Alert Targets 35.17% Return
Posted: Wednesday, November 18, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
Thermo Fisher Scientific (NYSE: TMO) closed yesterday at $46.14. So far the stock has hit a 52-week low of $26.65 and 52-week high of $48.51. Thermo Fisher Scientific stock has been showing support around 44.69 and resistance in the 46.87 range. Technical indicators for the stock are Bullish and S&P gives TMO a neutral 3 STAR (out of 5) hold rating. TMO appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Mar '10 50 covered call (TMO CJ) for a net debit in the $44.74 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 3.03% downside protection and an 11.76% assigned return rate for a 35.17% annualized return rate (comparison purposes only). Thermo Fisher Scientific does not pay dividends at this time. [WBA-Seven Summits Research]
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