Valspar (VAL) 2/9/10 PriceWatch Alert Technicals Showing Bearish
Posted: Tuesday, February 09, 2010 8:44 AM EDT
By: Market Intelligence Center Staff
Valspar (NYSE: VAL) closed yesterday at $25.40. So far the stock has hit a 52-week low of $15.13 and 52-week high of $28.79. Valspar stock has been showing support around 25.04 and resistance in the 26.12 range. Technical indicators for the stock are Bearish and S&P gives VAL a positive 4 STAR (out of 5) buy rating. VAL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 25 covered call for a net debit in the $24.05 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 5.31% downside protection and a 3.95% assigned return rate for a 21.52% annualized return rate (comparison purposes only). Valspar has a current annual dividend yield of 2.45%. [ATU-Seven Summits Research]
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