Hewitt Associates (HEW) 11/20/09 PriceWatch Alert With Support Around $40.10
Posted: Friday, November 20, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Hewitt Associates (NYSE: HEW) closed yesterday at $40.85. So far the stock has hit a 52-week low of $24.57 and 52-week high of $41.49. Hewitt Associates stock has been showing support around 40.10 and resistance in the 41.54 range. Technical indicators for the stock are Bullish and S&P gives HEW a neutral 3 STAR (out of 5) hold rating. HEW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 40 covered call (HEW AH) for a net debit in the $39.00 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 4.53% downside protection and a 2.56% assigned return rate for a 16.42% annualized return rate (comparison purposes only). Hewitt Associates does not pay dividends at this time. [FBB-Seven Summits Research]
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