Equity One Inc. (EQY) 11/20/09 PriceWatch Alert Targets 10.24% Downside Protection
Posted: Friday, November 20, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Equity One Inc. (NYSE: EQY) closed yesterday at $15.63. So far the stock has hit a 52-week low of $9.06 and 52-week high of $19.95. Equity One stock has been showing support around 15.44 and resistance in the 16.00 range. Technical indicators for the stock are Bullish and S&P gives EQY a neutral 3 STAR (out of 5) hold rating. EQY appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 15 covered call (EQY CC) for a net debit in the $14.03 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 10.24% downside protection and a 6.91% assigned return rate for a 21.03% annualized return rate (comparison purposes only). Equity One has a current annual dividend yield of 7.62%. [FBB-Seven Summits Research]
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