DeVry (DV) PriceWatch Alert for November 20, 2009
Posted: Friday, November 20, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
DeVry (NYSE: DV) closed yesterday at $54.04. So far the stock has hit a 52-week low of $38.19 and 52-week high of $64.69. DeVry stock has been showing support around 52.78 and resistance in the 55.02 range. Technical indicators for the stock are Bearish and S&P gives DV a neutral 3 STAR (out of 5) hold rating. DV appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 55 covered call (DV BK) for a net debit in the $50.74 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 6.11% downside protection and an 8.40% assigned return rate for a 33.31% annualized return rate (comparison purposes only). DeVry has a current annual dividend yield of 0.29%. [FBB-Seven Summits Research]
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