WW Grainger (GWW) 12/4/09 PriceWatch Alert Support Down To $96.19
Posted: Friday, December 04, 2009 8:43 AM EDT
WW Grainger (NYSE: GWW) closed yesterday at $97.68. 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 96.19 and resistance in the 100.27 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 $90.38 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 7.47% downside protection and a 5.11% assigned return rate for a 13.92% annualized return rate (comparison purposes only). WW Grainger has a current annual dividend yield of 1.87%. [FBB-Seven Summits Research]
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