Dollar Tree Stores (DLTR) 10/29/09 PriceWatch Alert Targets 37.67% Return
Posted: Thursday, October 29, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
Dollar Tree Stores (NasdaqNM: DLTR) closed yesterday at $45.70. So far the stock has hit a 52-week low of $32.94 and 52-week high of $51.72. Dollar Tree stock has been showing support around 44.79 and resistance in the 47.07 range. Technical indicators for the stock are Bearish and S&P gives DLTR a positive 4 STAR (out of 5) buy rating. DLTR appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Dec '09 46 covered call (DTJ LS) for a net debit in the $43.70 area. That is also the break even stock price for this trade. This covered call has a 51 day duration, provides 4.38% downside protection and a 5.26% assigned return rate for a 37.67% annualized return rate (comparison purposes only). Dollar Tree does not pay dividends at this time. [THA-Seven Summits Research]
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