Church and Dwight (CHD) Has Very Positive 5 STARs S&P Rating

Posted: Thursday, November 19, 2009 9:04 AM EDT

Church and Dwight (NYSE: CHD) closed yesterday at $59.51. So far the stock has hit a 52-week low of $45.41 and 52-week high of $61.14. Church and Dwight stock has been showing support around 57.23 and resistance in the 60.99 range. Technical indicators for the stock are Bullish and S&P gives CHD a very positive 5 STAR (out of 5) strong buy rating. CHD appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 60 covered call (CHD AL) for a net debit in the $58.26 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 2.10% downside protection and a 2.99% assigned return rate for an 18.80% annualized return rate (comparison purposes only). Church and Dwight has a current annual dividend yield of 0.95%. [THA-Seven Summits Research]

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