WW Grainger (GWW) Trading Near 52-Week High
Posted: Thursday, December 03, 2009 9:10 AM EDT
WW Grainger (NYSE: GWW) closed yesterday at $98.57. So far the stock has hit a 52-week low of $59.95 and 52-week high of $102.54. WW Grainger stock has been showing support around 97.60 and resistance in the 99.78 range. Technical indicators for the stock are Bullish and S&P gives GWW a neutral 3 STAR (out of 5) hold rating. GWW appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 95 covered call (GWW DS) for a net debit in the $90.57 area. That is also the break even stock price for this trade. This covered call has a 135 day duration, provides 8.12% downside protection and a 4.89% assigned return rate for a 13.22% annualized return rate (comparison purposes only). WW Grainger has a current annual dividend yield of 1.88%. [THA-Seven Summits Research]
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