Church and Dwight (CHD) Appears On Investors Observer Hedged Dividend Income List
Posted: Friday, March 12, 2010 8:31 AM EDT
By: Market Intelligence Center Staff
Church and Dwight (NYSE: CHD) closed yesterday at $68.03. So far the stock has hit a 52-week low of $47.34 and 52-week high of $68.05. Church and Dwight stock has been showing support around 67.04 and resistance in the 68.54 range. Technical indicators for the stock are Bullish and S&P gives CHD a very positive 5 STAR (out of 5) strong buy rating. CHD appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jul '10 70 covered call for a net debit in the $66.83 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 1.76% downside protection and a 4.74% assigned return rate for a 13.63% annualized return rate (comparison purposes only). Church and Dwight has a current annual dividend yield of 0.83%. [FBB-Seven Summits Research]
CLICK HERE: FREE Church and Dwight (CHD) Stock ReportSee what our analysts have uncovered about Church and Dwight (CHD).