Polo Ralph Lauren (RL) 11/20/09 PriceWatch Alert Up To 28.45% Return
Posted: Friday, November 20, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
Polo Ralph Lauren (NYSE: RL) closed yesterday at $78.71. So far the stock has hit a 52-week low of $31.22 and 52-week high of $83.50. Polo Ralph Lauren stock has been showing support around 76.69 and resistance in the 80.01 range. Technical indicators for the stock are Bullish and S&P gives RL a very positive 5 STAR (out of 5) strong buy rating. RL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 75 covered call (RL AO) for a net debit in the $71.81 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 8.77% downside protection and a 4.44% assigned return rate for a 28.45% annualized return rate (comparison purposes only). Polo Ralph Lauren has a current annual dividend yield of 0.25%. [FBB-Seven Summits Research]
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