Rockwell Automation (ROK) 11/19/09 PriceWatch Alert Shows Bullish Technicals
Posted: Thursday, November 19, 2009 8:28 AM EDT
By: Market Intelligence Center Staff
Rockwell Automation (NYSE: ROK) closed yesterday at $45.52. So far the stock has hit a 52-week low of $17.50 and 52-week high of $46.72. Rockwell Automation stock has been showing support around 44.13 and resistance in the 47.41 range. Technical indicators for the stock are Bullish and S&P gives ROK a neutral 3 STAR (out of 5) hold rating. ROK appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (ROK AI) for a net debit in the $42.67 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 6.26% downside protection and a 5.46% assigned return rate for a 34.36% annualized return rate (comparison purposes only). Rockwell Automation has a current annual dividend yield of 2.56%. [THA-Seven Summits Research]
CLICK HERE: FREE Rockwell Automation (ROK) Stock ReportSee what our analysts have uncovered about Rockwell Automation (ROK).