Walmart Stores (WMT) PriceWatch Alert At $57.62 Break Even
Posted on September 12, 2008 at 04:07 AM EDT
Walmart Stores (NYSE: WMT) closed yesterday at $63.17. So far the stock has hit a 52-week low of $42.50 and 52-week high of $63.23. Walmart Stores stock has been showing support around 60.60 and resistance in the 64.52 range. Technical indicators for the stock are Bullish and S&P gives WMT a positive 4 STAR (out of 5) buy rating. WMT appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Dec '08 60 covered call (WMT LL) for a net debit in the $57.62 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 8.79% downside protection and a 4.13% assigned return ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)