Sanofi Aventis (SNY) 11/20/09 PriceWatch Alert At $34.83 Break Even
Posted: Friday, November 20, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
Sanofi Aventis (NYSE: SNY) closed yesterday at $37.68. So far the stock has hit a 52-week low of $23.95 and 52-week high of $40.17. Sanofi Aventis stock has been showing support around 36.98 and resistance in the 38.16 range. Technical indicators for the stock are Bullish and S&P gives SNY a neutral 3 STAR (out of 5) hold rating. SNY appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jun '10 37.50 covered call (SNY FU) for a net debit in the $34.83 area. That is also the break even stock price for this trade. This covered call has a 211 day duration, provides 7.56% downside protection and a 7.67% assigned return rate for a 13.26% annualized return rate (comparison purposes only). Sanofi Aventis has a current annual dividend yield of 2.90%. [FBB-Seven Summits Research]
CLICK HERE: FREE Sanofi Aventis (SNY) Stock ReportSee what our analysts have uncovered about Sanofi Aventis (SNY).