Ecolab (ECL) PriceWatch Alert for November 24, 2009

Posted: Tuesday, November 24, 2009 8:41 AM EDT

Ecolab (NYSE: ECL) closed yesterday at $45.64. So far the stock has hit a 52-week low of $29.27 and 52-week high of $47.88. Ecolab stock has been showing support around 44.99 and resistance in the 46.41 range. Technical indicators for the stock are Bullish and S&P gives ECL a positive 4 STAR (out of 5) buy rating. ECL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (ECL AI) for a net debit in the $43.89 area. That is also the break even stock price for this trade. This covered call has a 53 day duration, provides 3.83% downside protection and a 2.53% assigned return rate for a 17.42% annualized return rate (comparison purposes only). Ecolab has a current annual dividend yield of 1.24%. [ATU-Seven Summits Research]

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