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Feb 25, 2013 (Marketintelligencecenter.com via COMTEX) -- Accenture Ltd (NYSE:ACN) closed Friday's trading session at $74.80. In the past year, the stock has hit a 52-week low of $54.94 and 52-week high of $75.97. Accenture (ACN) stock has been showing support around $73.67 and resistance in the $75.37 range. Technical indicators for the stock are Bullish and S&P gives Accenture (ACN) a positive 4 STARS (out of 5) buy rating. For a hedged play on Accenture (ACN), look at the Apr '13 $75.00 covered call for a net debit in the $72.80 area. That is also the break-even stock price for this trade. This covered call has a duration of 54 days, provides 2.67% downside protection and an assigned return rate of 3.02% for an annualized return rate of 20.43% (for comparison purposes only). A lower-cost hedged play for Accenture (ACN) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the Accenture (ACN) Jan '14 $52.50 call and selling the Apr '13 $75.00 call for a total debit of $20.40. The trade has a lifespan of 54 days and would provide 2.54% downside protection and an assigned return rate of 10.29% for an annualized return rate of 70% (for comparison purposes only). Accenture (ACN) has a current annual dividend yield of 2.16%.
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As of Thursday, 02-21-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
05-07-2012 for ACN @ $60.97.
For more information on SmarTrend, contact your market data
provider or go to www.mysmartrend.com
SmarTrend is a registered trademark of Comtex News Network, Inc.
Copyright A? 2004-2013 Comtex News Network, Inc. All rights reserved.
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