Stanley Works (SWK) 2/9/10 PriceWatch Alert Up To 15.34% Return
Posted: Tuesday, February 09, 2010 8:34 AM EDT
By: Market Intelligence Center Staff
Stanley Works (NYSE: SWK) closed yesterday at $53.53. So far the stock has hit a 52-week low of $22.61 and 52-week high of $57.68. Stanley Works stock has been showing support around 52.82 and resistance in the 54.86 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 a Jul '10 52.50 covered call for a net debit in the $49.23 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 8.03% downside protection and a 6.64% assigned return rate for a 15.34% annualized return rate (comparison purposes only). Stanley Works has a current annual dividend yield of 2.42%. [ATU-Seven Summits Research]
CLICK HERE: FREE Stanley Black & Decker (SWK) Stock ReportSee what our analysts have uncovered about Stanley Black & Decker (SWK).