Rockwell Collins (COL) 11/19/09 PriceWatch Alert With Support Around $52.95
Posted: Thursday, November 19, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Rockwell Collins (NYSE: COL) closed yesterday at $53.34. So far the stock has hit a 52-week low of $27.67 and 52-week high of $53.88. Rockwell Collins stock has been showing support around 52.95 and resistance in the 53.91 range. Technical indicators for the stock are Bullish and S&P gives COL a positive 4 STAR (out of 5) buy rating. COL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 50 covered call (COL DJ) for a net debit in the $47.64 area. That is also the break even stock price for this trade. This covered call has a 149 day duration, provides 10.69% downside protection and a 4.95% assigned return rate for a 12.14% annualized return rate (comparison purposes only). Rockwell Collins has a current annual dividend yield of 1.79%. [THA-Seven Summits Research]
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