Ryland Group (RYL) 11/20/09 PriceWatch Alert Support Down To $19.08
Posted: Friday, November 20, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Ryland Group (NYSE: RYL) closed yesterday at $19.61. So far the stock has hit a 52-week low of $9.95 and 52-week high of $24.94. Ryland Group stock has been showing support around 19.08 and resistance in the 20.10 range. Technical indicators for the stock are Bearish and S&P gives RYL a neutral 3 STAR (out of 5) hold rating. RYL appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 15 covered call (RGV DC) for a net debit in the $13.91 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 29.07% downside protection and a 7.84% assigned return rate for a 19.33% annualized return rate (comparison purposes only). Ryland Group has a current annual dividend yield of 0.60%. [FBB-Seven Summits Research]
CLICK HERE: FREE Ryland Group (RYL) Stock ReportSee what our analysts have uncovered about Ryland Group (RYL).