Roper Industries (ROP) 11/20/09 PriceWatch Alert Down To $48.79 Break Even
Posted: Friday, November 20, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
Roper Industries (NYSE: ROP) closed yesterday at $52.49. So far the stock has hit a 52-week low of $34.85 and 52-week high of $54.32. Roper Industries stock has been showing support around 50.62 and resistance in the 54.36 range. Technical indicators for the stock are Bullish and S&P gives ROP a positive 4 STAR (out of 5) buy rating. ROP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 50 covered call (ROP AJ) for a net debit in the $48.79 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 7.05% downside protection and a 2.48% assigned return rate for a 15.88% annualized return rate (comparison purposes only). Roper Industries has a current annual dividend yield of 0.61%. [FBB-Seven Summits Research]
CLICK HERE: FREE Roper Industries (ROP) Stock ReportSee what our analysts have uncovered about Roper Industries (ROP).