Mindray Medical International (MR) Trading Near $24.46 Support Level

   Date:2011/09/07

Mindray Medical International closed Friday's deflating trading session at $24.98. In the past year, the stock has hit a 52-week low of $21.25 and 52-week high of $31.23. Mindray Medical International (MR) stock has been showing support around $24.46 and resistance in the $25.68 range. Technical indicators for the stock are Bearish and S&P gives Mindray Medical International (MR) a positive 4 STARS (out of 5) buy rating. For a hedged play on Mindray Medical International (MR), look at the Apr '12 $25.00 covered call for a net debit in the $21.78 area. That is also the break-even stock price for this trade. This covered call has a duration of 228 days, provides 12.81% downside protection and an assigned return rate of 14.78% for an annualized return rate of 23.67% (for comparison purposes only). Mindray Medical International (MR) has a current annual dividend yield of 1.00%.  

Source:marketintelligencecenter

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