cri) closed Thursday's wandering trading session at $34.00. In the past year, the stock has hit a 52-week low of $22.19 and 52-week high of $34.50. Carters (CRI) stock has been showing support around $31.00 and resistance in the $36.00 range. Technical indicators for the stock are Bullish and S&P gives Carters (CRI) a neutral 3 STARS (out of 5) hold rating. For a hedged play on Carters (CRI), look at the Dec '11 $32.50 covered call for a net debit in the $30.30 area. That is also the break-even stock price for this trade. This covered call has a duration of 141 days, provides 10.88% downside protection and an assigned return rate of 7.26% for an annualized return rate of 18.80% (for comparison purposes only). Carters (CRI) does not pay dividends at this time. [FBB-Seven Summits Research]
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