Rochester,NY 8/6/2009 10:25:24 PM
United Technologies Corporation, UTX - United Technologies Corporation Could Hit the Return of 9.81%
United Technologies Corporation
United Technologies stock has been showing support around 54.05 and resistance in the 55.73 range. So far the stock has hit a 52-week low of $37.40 and 52-week high of $67.95. and United Technologies closed yesterday at $54.79.
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S&P gives UTX a very positive 5 STAR (out of 5) strong buy rating. Technical indicators for the stock are Bullish and UTX appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Nov '09 50 covered call (UTX KJ) for a net debit in the $48.59 area. That is also the break even stock price for this trade. This covered call has a 108 day duration, provides 11.32% downside protection and a 2.90% assigned return rate for a 9.81% annualized return rate (comparison purposes only).
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