Boston Beer Company Inc. (SAM) Rose Over 1% Yesterday On High Volume

Posted: Wednesday, November 11, 2009 9:17 AM EDT

Boston Beer Company Inc. (NYSE: SAM) closed yesterday at $40.85. So far the stock has hit a 52-week low of $17.50 and 52-week high of $42.25. Boston Beer Company stock has been showing support around 40.06 and resistance in the 41.68 range. Technical indicators for the stock are Bullish and S&P gives SAM a positive 4 STAR (out of 5) buy rating. SAM appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 40 covered call (SAM CH) for a net debit in the $37.15 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 9.06% downside protection and a 7.67% assigned return rate for a 21.71% annualized return rate (comparison purposes only). Boston Beer Company does not pay dividends at this time. [WBA-Seven Summits Research]

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