Lincoln Electric Holdings Inc. (LECO) PriceWatch Alert Up To 16.85% Return
Posted: Tuesday, July 14, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Lincoln Electric Holdings Inc. (NasdaqNM: LECO) closed yesterday at $34.40. So far the stock has hit a 52-week low of $26.32 and 52-week high of $86.47. Lincoln Electric stock has been showing support around 32.49 and resistance in the 35.39 range. Technical indicators for the stock are Bearish and S&P gives LECO a neutral 3 STAR (out of 5) hold rating. LECO appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Sep '09 30 covered call (HUF IF) for a net debit in the $29.10 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 15.41% downside protection and a 3.09% assigned return rate for a 16.85% annualized return rate (comparison purposes only). Lincoln Electric has a current annual dividend yield of 3.26%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Lincoln Electric (LECO) Stock ReportSee what our analysts have uncovered about Lincoln Electric (LECO).