AI
Saturday, November 19, 2011 7:19:36 AM
Posted: Friday, November 18, 2011 7:54 AM EDT
Edwards Lifesciences Corp (NYSE: EW) closed Thursday's trading session at $63.68. In the past year, the stock has hit a 52-week low of $61.63 and 52-week high of $91.82. Edwards Lifesciences (EW) stock has been showing support around $61.91 and resistance in the $66.13 range. Technical indicators for the stock are Bearish and S&P gives Edwards Lifesciences (EW) a positive 4 STARS (out of 5) buy rating. For a hedged play on Edwards Lifesciences (EW), look at the Jan '12 $60.00 covered call for a net debit in the $57.28 area. That is also the break-even stock price for this trade. This covered call has a duration of 64 days, provides 10.05% downside protection and an assigned return rate of 4.75% for an annualized return rate of 27.08% (for comparison purposes only). Edwards Lifesciences (EW) has a current trailing average dividend yield of 0%. [THA-MarketIntelligenceCenter.com]
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