Hospira (HSP) 11/20/09 PriceWatch Alert Support Down To $46.33
Posted: Friday, November 20, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
Hospira (NYSE: HSP) closed yesterday at $47.11. So far the stock has hit a 52-week low of $21.21 and 52-week high of $48.25. Hospira stock has been showing support around 46.33 and resistance in the 48.17 range. Technical indicators for the stock are Bullish and S&P gives HSP a neutral 3 STAR (out of 5) hold rating. HSP appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 45 covered call (HSP BI) for a net debit in the $43.31 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 8.07% downside protection and a 3.90% assigned return rate for a 15.48% annualized return rate (comparison purposes only). Hospira does not pay dividends at this time. [FBB-Seven Summits Research]
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