Rochester, NY 7/14/2009 11:40:48 PM
FDO - Technical Indicators are Bullish for Family Dollar Stores
Family Dollar Stores
FAMILY DOLLAR STORES, FDO
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Family Dollar Stores ended the last trading session at $30.18. So far the stock has hit a 52-week low of $19.70 and 52-week high of $35.00. Family Dollar Stores stock has been showing support around 29.43 and resistance in the 31.31 range. Technical indicators for the stock are Bullish and S&P gives FDO a very positive 5 STAR (out of 5) strong buy rating. FDO appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 30 covered call (FDO AF) for a net debit in the $26.88 area. That is also the break even stock price for this trade. This covered call has an 187 day duration, provides 10.93% downside protection and an 11.61% assigned return rate for a 22.66% annualized return rate (comparison purposes only).
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