Rochester, NY 7/15/2009 3:26:08 AM
PFE - Technical Indicators for Pfizer are Bullish
Pfizer Inc.
PFIZER INC, PFE
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Pfizer closed yesterday at $14.76. So far the stock has hit a 52-week low of $11.62 and 52-week high of $20.13. Pfizer stock has been showing support around 14.01 and resistance in the 15.15 range. Technical indicators for the stock are Bullish and S&P gives PFE a neutral 3 STAR (out of 5) hold rating. PFE appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Dec '09 15 covered call (PFE LC) for a net debit in the $13.74 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 6.91% downside protection and a 9.17% assigned return rate for a 21.18% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase.
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