Henry Schein (HSIC) 11/20/09 PriceWatch Alert Up To 5.07% Downside Protection
Posted: Friday, November 20, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
Henry Schein (NasdaqNM: HSIC) closed yesterday at $51.31. So far the stock has hit a 52-week low of $32.08 and 52-week high of $56.92. Henry Schein stock has been showing support around 50.30 and resistance in the 52.64 range. Technical indicators for the stock are Bearish and S&P gives HSIC a neutral 3 STAR (out of 5) hold rating. HSIC appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 50 covered call (HQE AJ) for a net debit in the $48.71 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 5.07% downside protection and a 2.65% assigned return rate for a 16.96% annualized return rate (comparison purposes only). Henry Schein does not pay dividends at this time. [FBB-Seven Summits Research]
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