JM Smucker (SJM) 2/9/10 PriceWatch Alert At $57.43 Break Even
Posted: Tuesday, February 09, 2010 8:34 AM EDT
By: Market Intelligence Center Staff
JM Smucker (NYSE: SJM) closed yesterday at $59.38. So far the stock has hit a 52-week low of $34.09 and 52-week high of $63.00. JM Smucker stock has been showing support around 58.71 and resistance in the 60.31 range. Technical indicators for the stock are Bearish and S&P gives SJM a positive 4 STAR (out of 5) buy rating. SJM appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 60 covered call for a net debit in the $57.43 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 3.28% downside protection and a 4.48% assigned return rate for a 24.38% annualized return rate (comparison purposes only). JM Smucker has a current annual dividend yield of 2.32%. [ATU-Seven Summits Research]
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