ManTech International (MANT) 11/20/09 PriceWatch Alert With $38.05 Break Even
Posted: Friday, November 20, 2009 8:17 AM EDT
By: Market Intelligence Center Staff
ManTech International (NasdaqNM: MANT) closed yesterday at $44.25. So far the stock has hit a 52-week low of $32.86 and 52-week high of $60.62. ManTech International stock has been showing support around 43.12 and resistance in the 45.82 range. Technical indicators for the stock are Bearish and S&P gives MANT a positive 4 STAR (out of 5) buy rating. MANT appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 40 covered call (UUN EH) for a net debit in the $38.05 area. That is also the break even stock price for this trade. This covered call has an 183 day duration, provides 14.01% downside protection and a 5.12% assigned return rate for a 10.22% annualized return rate (comparison purposes only). ManTech International does not pay dividends at this time. [FBB-Seven Summits Research]
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