T Rowe Price (TROW) 11/20/09 PriceWatch Alert Technicals Showing Bullish
Posted: Friday, November 20, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
T Rowe Price (NasdaqNM: TROW) closed yesterday at $49.25. So far the stock has hit a 52-week low of $20.09 and 52-week high of $55.48. T Rowe Price stock has been showing support around 48.05 and resistance in the 50.59 range. Technical indicators for the stock are Bullish and S&P gives TROW a neutral 3 STAR (out of 5) hold rating. TROW appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 45 covered call (RQW DI) for a net debit in the $42.35 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 14.01% downside protection and a 6.26% assigned return rate for a 15.43% annualized return rate (comparison purposes only). T Rowe Price has a current annual dividend yield of 1.97%. [FBB-Seven Summits Research]
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