Stanley Works (SWK) 12/2/09 PriceWatch Alert Bullish Price Movement
Posted: Wednesday, December 02, 2009 8:40 AM EDT
Stanley Works (NYSE: SWK) closed yesterday at $49.07. So far the stock has hit a 52-week low of $22.61 and 52-week high of $51.20. Stanley Works stock has been showing support around 48.21 and resistance in the 50.49 range. Technical indicators for the stock are Bullish and S&P gives SWK a neutral 3 STAR (out of 5) hold rating. SWK appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 47.50 covered call (SWK DW) for a net debit in the $45.17 area. That is also the break even stock price for this trade. This covered call has a 136 day duration, provides 7.95% downside protection and a 5.16% assigned return rate for a 13.84% annualized return rate (comparison purposes only). Stanley Works has a current annual dividend yield of 2.71%. [WBA-Seven Summits Research]
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