Becton Dickinson (BDX) 11/20/09 PriceWatch Alert Technicals Showing Bullish

Posted: Friday, November 20, 2009 8:02 AM EDT

Becton Dickinson (NYSE: BDX) closed yesterday at $73.46. So far the stock has hit a 52-week low of $58.14 and 52-week high of $77.11. Becton Dickinson stock has been showing support around 72.26 and resistance in the 74.34 range. Technical indicators for the stock are Bullish and S&P gives BDX a neutral 3 STAR (out of 5) hold rating. BDX appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Mar '10 75 covered call (BDX CO) for a net debit in the $70.86 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 3.54% downside protection and a 5.84% assigned return rate for a 17.77% annualized return rate (comparison purposes only). Becton Dickinson has a current annual dividend yield of 1.79%. [FBB-Seven Summits Research]

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