Unilever (UN) 11/19/09 PriceWatch Alert With Support Around $31.08
Posted: Thursday, November 19, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Unilever (NYSE: UN) closed yesterday at $31.50. So far the stock has hit a 52-week low of $16.91 and 52-week high of $32.23. Unilever stock has been showing support around 31.08 and resistance in the 31.86 range. Technical indicators for the stock are Bullish and S&P gives UN a neutral 3 STAR (out of 5) hold rating. UN appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 30 covered call (UN BF) for a net debit in the $29.00 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 7.94% downside protection and a 3.45% assigned return rate for a 13.53% annualized return rate (comparison purposes only). Unilever has a current annual dividend yield of 1.83%. [THA-Seven Summits Research]
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