Eaton Vance (EV) 11/20/09 PriceWatch Alert Support At Around $28.61
Posted: Friday, November 20, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
Eaton Vance (NYSE: EV) closed yesterday at $29.30. So far the stock has hit a 52-week low of $11.86 and 52-week high of $31.31. Eaton Vance stock has been showing support around 28.61 and resistance in the 30.49 range. Technical indicators for the stock are Bullish and S&P gives EV a neutral 3 STAR (out of 5) hold rating. EV appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 25 covered call (EV EE) for a net debit in the $23.70 area. That is also the break even stock price for this trade. This covered call has an 183 day duration, provides 19.11% downside protection and a 5.49% assigned return rate for a 10.94% annualized return rate (comparison purposes only). Eaton Vance has a current annual dividend yield of 2.10%. [FBB-Seven Summits Research]
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