May 08, 2013 (Marketintelligencecenter.com via COMTEX) -- Buckle Inc. (NYSE:BKE) closed Tuesday's trading session at $49.76. In the past year, the stock has hit a 52-week low of $36.33 and 52-week high of $51.74. Buckle Inc (BKE) stock has been showing support around $48.42 and resistance in the $50.64 range. Technical indicators for the stock are Bullish and S&P gives Buckle Inc (BKE) a positive 4 STARS (out of 5) buy rating. For a hedged play on Buckle Inc (BKE), look at the Sep '13 $47.50 covered call for a net debit in the $46.26 area. That is also the break-even stock price for this trade. This covered call has a duration of 136 days, provides 7.03% downside protection and an assigned return rate of 2.68% for an annualized return rate of 7.19% (for comparison purposes only). Buckle Inc (BKE) has a current annual dividend yield of 1.63%.
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As of Saturday, 05-04-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
04-09-2012 for BKE @ $45.36.
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