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Credit Suisse Group (CS) Shows Bearish Technicals But Gets S&P 4 Star Buy Rating

Nov 06, 2009 (Fresh Brewed Media via COMTEX) --

Company: Credit Suisse Group (CS)

Credit Suisse Group (NYSE: CS) closed yesterday at $54.19. So far the stock has hit a 52-week low of $18.61 and 52-week high of $60.08. Credit Suisse Group stock has been showing support around 52.99 and resistance in the 54.89 range. Technical indicators for the stock are Bearish and S&P gives CS a positive 4 STAR (out of 5) buy rating. CS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 52.50 covered call (CS CR) for a net debit in the $47.99 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 11.44% downside protection and a 9.40% assigned return rate for a 25.60% annualized return rate (comparison purposes only). Credit Suisse Group has a current annual dividend yield of 0.11%.

FBB-Seven Summits Research 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: Credit Suisse Group (CS)


Related terms: dividend, investment opinion, nyse, research, S&P, trade, yield

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