Rochester, NY 7/16/2009 6:55:57 AM
VIA-B - Technical Indicators are Bearish for Viacom Stock
Viacom Inc.
VIACOM INC CL B, VIA-B
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Viacom closed yesterday at $22.16. So far the stock has hit a 52-week low of $13.00 and 52-week high of $31.16. Viacom stock has been showing support around 21.21 and resistance in the 22.69 range. Technical indicators for the stock are Bearish. VIA appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Nov '09 20 covered call (VIA KD) for a net debit in the $19.06 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 13.99% downside protection and a 4.93% assigned return rate for a 13.85% annualized return rate (comparison purposes only).
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