Unum Group (UNM) 11/19/09 PriceWatch Alert Support Down To $19.28
Posted: Thursday, November 19, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
Unum Group (NYSE: UNM) closed yesterday at $19.55. So far the stock has hit a 52-week low of $7.61 and 52-week high of $23.25. Unum Group stock has been showing support around 19.28 and resistance in the 19.96 range. Technical indicators for the stock are Bearish and S&P gives UNM a neutral 3 STAR (out of 5) hold rating. UNM appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 17.50 covered call (UNM CW) for a net debit in the $16.55 area. That is also the break even stock price for this trade. This covered call has a 121 day duration, provides 15.35% downside protection and a 5.74% assigned return rate for a 17.32% annualized return rate (comparison purposes only). Unum Group has a current annual dividend yield of 1.65%. [THA-Seven Summits Research]
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