Lincoln National (LNC) 11/20/09 PriceWatch Alert Technicals Showing Bearish
Posted: Friday, November 20, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Lincoln National (NYSE: LNC) closed yesterday at $23.76. So far the stock has hit a 52-week low of $4.76 and 52-week high of $28.10. Lincoln National stock has been showing support around 22.95 and resistance in the 25.05 range. Technical indicators for the stock are Bearish and S&P gives LNC a positive 4 STAR (out of 5) buy rating. LNC appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 19 covered call (LNC DY) for a net debit in the $17.56 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 26.09% downside protection and an 8.20% assigned return rate for a 20.22% annualized return rate (comparison purposes only). Lincoln National has a current annual dividend yield of 0.16%. [FBB-Seven Summits Research]
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