Toro (TTC) 2/9/10 PriceWatch Alert Could Hit 11.44% Return
Posted: Tuesday, February 09, 2010 8:46 AM EDT
By: Market Intelligence Center Staff
Toro (NYSE: TTC) closed yesterday at $37.93. So far the stock has hit a 52-week low of $20.24 and 52-week high of $43.91. Toro stock has been showing support around 37.18 and resistance in the 38.78 range. Technical indicators for the stock are Bearish and S&P gives TTC a neutral 3 STAR (out of 5) hold rating. TTC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 35 covered call for a net debit in the $33.63 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 11.34% downside protection and a 4.07% assigned return rate for an 11.44% annualized return rate (comparison purposes only). Toro has a current annual dividend yield of 1.86%. [ATU-Seven Summits Research]
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