Ralcorp Holdings Inc. (RAH) PriceWatch Alert for November 20, 2009
Posted: Friday, November 20, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
Ralcorp Holdings Inc. (NYSE: RAH) closed yesterday at $54.58. So far the stock has hit a 52-week low of $50.81 and 52-week high of $64.90. Ralcorp Holdings stock has been showing support around 53.58 and resistance in the 55.12 range. Technical indicators for the stock are Bearish and S&P gives RAH a neutral 3 STAR (out of 5) hold rating. RAH appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 55 covered call (RAH CK) for a net debit in the $51.63 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 5.40% downside protection and a 6.53% assigned return rate for a 19.85% annualized return rate (comparison purposes only). Ralcorp Holdings does not pay dividends at this time. [FBB-Seven Summits Research]
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