Roper Industries (ROP) 11/19/09 PriceWatch Alert Down To $48.53 Break Even
Posted: Thursday, November 19, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Roper Industries (NYSE: ROP) closed yesterday at $53.63. 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 53.14 and resistance in the 54.30 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 Feb '10 50 covered call (ROP BJ) for a net debit in the $48.53 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 9.51% downside protection and a 3.03% assigned return rate for an 11.89% annualized return rate (comparison purposes only). Roper Industries has a current annual dividend yield of 0.61%. [THA-Seven Summits Research]
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