Universal (UVV) 11/19/09 PriceWatch Alert Support At Around $44.74
Posted: Thursday, November 19, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
Universal (NYSE: UVV) closed yesterday at $45.71. So far the stock has hit a 52-week low of $25.35 and 52-week high of $46.54. Universal stock has been showing support around 44.74 and resistance in the 46.68 range. Technical indicators for the stock are Bullish and S&P gives UVV a positive 4 STAR (out of 5) buy rating. UVV appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 45 covered call (UVV BI) for a net debit in the $42.71 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 6.56% downside protection and a 5.36% assigned return rate for a 21.04% annualized return rate (comparison purposes only). Universal has a current annual dividend yield of 3.98%. [THA-Seven Summits Research]
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