Campbell Soup (CPB) 9/3/10 PriceWatch Alert With $35.07 Break Even
Posted: Friday, September 03, 2010 8:31 AM EDT
By: Market Intelligence Center Staff
Campbell Soup (NYSE: CPB) closed yesterday at $37.32. So far the stock has hit a 52-week low of $30.63 and 52-week high of $37.59. Campbell Soup stock has been showing support around 36.86 and resistance in the 37.56 range. Technical indicators for the stock are Bullish and S&P gives CPB a weak 2 STAR (out of 5) sell rating. CPB appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Feb '11 36 covered call for a net debit in the $35.07 area. That is also the break even stock price for this trade. This covered call has a 169 day duration, provides 6.03% downside protection and a 2.65% assigned return rate for a 5.73% annualized return rate (comparison purposes only). Campbell Soup has a current annual dividend yield of 2.95%. [FBB-Seven Summits Research]
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