Ball (BLL) Gets 4 Star Buy Rating From S&P And Is Showing Bullish Technicals

Posted: Wednesday, November 18, 2009 9:20 AM EDT

Ball (NYSE: BLL) closed yesterday at $51.32. So far the stock has hit a 52-week low of $28.15 and 52-week high of $52.46. Ball stock has been showing support around 50.21 and resistance in the 51.99 range. Technical indicators for the stock are Bullish and S&P gives BLL a positive 4 STAR (out of 5) buy rating. BLL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 50 covered call (BLL AJ) for a net debit in the $48.62 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 5.26% downside protection and a 2.84% assigned return rate for a 17.56% annualized return rate (comparison purposes only). Ball has a current annual dividend yield of 0.80%. [WBA-Seven Summits Research]

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