Marsh and McLennan (MMC) 11/20/09 PriceWatch Alert Technicals Showing Bearish
Posted: Friday, November 20, 2009 8:17 AM EDT
By: Market Intelligence Center Staff
Marsh and McLennan (NYSE: MMC) closed yesterday at $22.60. So far the stock has hit a 52-week low of $17.18 and 52-week high of $25.58. Marsh and McLennan stock has been showing support around 22.19 and resistance in the 23.07 range. Technical indicators for the stock are Bearish and S&P gives MMC a neutral 3 STAR (out of 5) hold rating. MMC appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 22.50 covered call (MMC DX) for a net debit in the $21.00 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 7.08% downside protection and a 7.14% assigned return rate for a 17.62% annualized return rate (comparison purposes only). Marsh and McLennan has a current annual dividend yield of 3.36%. [FBB-Seven Summits Research]
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