Polo Ralph Lauren (RL) 11/19/09 PriceWatch Alert With $72.06 Break Even
Posted: Thursday, November 19, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) closed yesterday at $79.46. So far the stock has hit a 52-week low of $31.22 and 52-week high of $83.50. Polo Ralph Lauren stock has been showing support around 77.64 and resistance in the 81.90 range. Technical indicators for the stock are Bullish and S&P gives RL a very positive 5 STAR (out of 5) strong buy rating. RL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 75 covered call (RL AO) for a net debit in the $72.06 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 9.31% downside protection and a 4.08% assigned return rate for a 25.68% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.24%. [THA-Seven Summits Research]
CLICK HERE: FREE Polo Ralph Lauren (RL) Stock ReportSee what our analysts have uncovered about Polo Ralph Lauren (RL).