WMS Industries (WMS) 11/20/09 PriceWatch Alert Shows Bearish Technicals
Posted: Friday, November 20, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
WMS Industries (NYSE: WMS) closed yesterday at $41.26. So far the stock has hit a 52-week low of $15.48 and 52-week high of $50.11. WMS Industries stock has been showing support around 39.50 and resistance in the 43.72 range. Technical indicators for the stock are Bearish and S&P gives WMS a neutral 3 STAR (out of 5) hold rating. WMS appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 40 covered call (WMS AH) for a net debit in the $38.06 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 7.76% downside protection and a 5.10% assigned return rate for a 32.64% annualized return rate (comparison purposes only). WMS Industries does not pay dividends at this time. [FBB-Seven Summits Research]
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