Toro (TTC) Down 1.7% Yesterday And Has Neutral 3 STARs S&P Rating

Posted: Thursday, November 05, 2009 8:23 AM EDT

Toro (NYSE: TTC) closed yesterday at $38.52. 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 37.79 and resistance in the 39.79 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 $33.22 area. That is also the break even stock price for this trade. This covered call has a 135 day duration, provides 13.76% downside protection and a 5.36% assigned return rate for a 14.49% annualized return rate (comparison purposes only). Toro has a current annual dividend yield of 1.62%. [THA-Seven Summits Research]

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