Millipore (MIL) 11/19/09 PriceWatch Alert Technicals Showing Bearish
Posted: Thursday, November 19, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
Millipore (NYSE: MIL) closed yesterday at $67.76. 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 66.73 and resistance in the 69.09 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 $62.06 area. That is also the break even stock price for this trade. This covered call has a 149 day duration, provides 8.41% downside protection and a 4.74% assigned return rate for an 11.60% annualized return rate (comparison purposes only). Millipore does not pay dividends at this time. [THA-Seven Summits Research]
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