Toro (TTC) Slightly Above Support Level With Bullish Technicals And Neutral 3 STARs S&P Rating

Posted: Tuesday, October 27, 2009 8:31 AM EDT

Toro (NYSE: TTC) closed yesterday at $38.72. So far the stock has hit a 52-week low of $20.24 and 52-week high of $42.03. Toro stock has been showing support around 38.01 and resistance in the 40.03 range. Technical indicators for the stock are Bullish and S&P gives TTC a neutral 3 STAR (out of 5) hold rating. TTC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 35 covered call (TTC CG) for a net debit in the $33.02 area. That is also the break even stock price for this trade. This covered call has a 144 day duration, provides 14.72% downside protection and a 6.00% assigned return rate for a 15.20% annualized return rate (comparison purposes only). Toro has a current annual dividend yield of 1.53%. [ATU-Seven Summits Research]

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