Toro (TTC) 9/9/10 PriceWatch Alert Technicals Showing Neutral
Posted: Thursday, September 09, 2010 8:06 AM EDT
By: Market Intelligence Center Staff
Toro (NYSE: TTC) closed yesterday at $52.46. So far the stock has hit a 52-week low of $36.43 and 52-week high of $58.50. Toro stock has been showing support around 51.61 and resistance in the 53.01 range. Technical indicators for the stock are Neutral and S&P gives TTC a positive 4 STAR (out of 5) buy rating. TTC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Dec '10 50 covered call for a net debit in the $47.56 area. That is also the break even stock price for this trade. This covered call has a 100 day duration, provides 9.34% downside protection and a 5.13% assigned return rate for an 18.73% annualized return rate (comparison purposes only). Toro has a current annual dividend yield of 1.36%. [THA-Seven Summits Research]
CLICK HERE: FREE Toro (TTC) Stock ReportSee what our analysts have uncovered about Toro (TTC).