ABB Ltd. (ABB) NewsBite

Jun 12, 2008 (Fresh Brewed Media via COMTEX) --

Company: ABB Ltd. (ABB)

ABB Ltd. (ABB) closed yesterday at $29.47. So far the stock has hit a 52-week low of $20.42 and 52-week high of $33.39. ABB stock has been showing support around 28.54 and resistance in the 30.34 range. Technical indicators for the stock are Bearish. For a hedged play on this stock, look at a Dec '08 30 covered call (ABB LF) for a net debit in the $26.67 area. That is also the break even stock price for this trade. This covered call has a 191 day duration, provides 9.50% downside protection and a 12.49% assigned return rate for a 23.86% annualized return rate (comparison purposes only). ABB does not pay dividends at this time.

IHF - Investors Observer Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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Company: ABB Ltd. (ABB)


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