Lincoln Electric Holdings Inc. (LECO) 12/1/09 PriceWatch Alert Down To $47.48 Break Even
Posted: Tuesday, December 01, 2009 8:41 AM EDT
Lincoln Electric Holdings Inc. (NasdaqNM: LECO) closed yesterday at $51.38. So far the stock has hit a 52-week low of $26.32 and 52-week high of $56.22. Lincoln Electric stock has been showing support around 49.35 and resistance in the 52.39 range. Technical indicators for the stock are Bullish and S&P gives LECO a neutral 3 STAR (out of 5) hold rating. LECO appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 50 covered call (HUF CJ) for a net debit in the $47.48 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 7.59% downside protection and a 5.31% assigned return rate for a 17.77% annualized return rate (comparison purposes only). Lincoln Electric has a current annual dividend yield of 2.12%. [ATU-Seven Summits Research]
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