Endurance Specialty (ENH) 11/20/09 PriceWatch Alert Up To 7.03% Return
Posted: Friday, November 20, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Endurance Specialty (NYSE: ENH) closed yesterday at $37.63. So far the stock has hit a 52-week low of $19.32 and 52-week high of $38.58. Endurance Specialty stock has been showing support around 36.62 and resistance in the 38.90 range. Technical indicators for the stock are Bullish and S&P gives ENH a neutral 3 STAR (out of 5) hold rating. ENH appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 35 covered call (ENH DG) for a net debit in the $34.03 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 9.57% downside protection and a 2.85% assigned return rate for a 7.03% annualized return rate (comparison purposes only). Endurance Specialty has a current annual dividend yield of 2.72%. [FBB-Seven Summits Research]
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