CR Bard (BCR) 11/20/09 PriceWatch Alert With $80.94 Break Even
Posted: Friday, November 20, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
CR Bard (NYSE: BCR) closed yesterday at $81.89. So far the stock has hit a 52-week low of $68.94 and 52-week high of $88.43. CR Bard stock has been showing support around 80.35 and resistance in the 82.99 range. Technical indicators for the stock are Bullish and S&P gives BCR a positive 4 STAR (out of 5) buy rating. BCR appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 85 covered call (BCR AQ) for a net debit in the $80.94 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 1.16% downside protection and a 5.02% assigned return rate for a 32.12% annualized return rate (comparison purposes only). CR Bard has a current annual dividend yield of 0.83%. [FBB-Seven Summits Research]
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