Toro (TTC) PriceWatch Alert Support At Around $29.14
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Toro (NYSE: TTC) closed yesterday at $29.66. So far the stock has hit a 52-week low of $20.24 and 52-week high of $46.67. Toro stock has been showing support around 29.14 and resistance in the 30.70 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 Dec '09 25 covered call (TTC LE) for a net debit in the $23.56 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 20.57% downside protection and a 6.11% assigned return rate for a 13.44% annualized return rate (comparison purposes only). Toro has a current annual dividend yield of 1.97%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Toro (TTC) Stock ReportSee what our analysts have uncovered about Toro (TTC).