Universal (UVV) 11/18/09 PriceWatch Alert Bullish Price Movement
Posted: Wednesday, November 18, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
Universal (NYSE: UVV) closed yesterday at $46.12. So far the stock has hit a 52-week low of $25.35 and 52-week high of $46.54. Universal stock has been showing support around 45.48 and resistance in the 46.86 range. Technical indicators for the stock are Bullish and S&P gives UVV a positive 4 STAR (out of 5) buy rating. UVV appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 45 covered call (UVV BI) for a net debit in the $42.92 area. That is also the break even stock price for this trade. This covered call has a 94 day duration, provides 6.94% downside protection and a 4.85% assigned return rate for an 18.82% annualized return rate (comparison purposes only). Universal has a current annual dividend yield of 4.05%. [WBA-Seven Summits Research]
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