Scotts Miracle Gro (SMG) PriceWatch Alert Support At Around $33.64
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Scotts Miracle Gro (NYSE: SMG) closed yesterday at $34.52. So far the stock has hit a 52-week low of $16.12 and 52-week high of $39.06. Scotts Miracle Gro stock has been showing support around 33.64 and resistance in the 35.42 range. Technical indicators for the stock are Bullish and S&P gives SMG a neutral 3 STAR (out of 5) hold rating. SMG appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Sep '09 30 covered call (SMG IF) for a net debit in the $29.02 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 15.93% downside protection and a 3.38% assigned return rate for a 16.43% annualized return rate (comparison purposes only). Scotts Miracle Gro has a current annual dividend yield of 1.41%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Scotts Miracle Gro (SMG) Stock ReportSee what our analysts have uncovered about Scotts Miracle Gro (SMG).