Sysco (SYY) 10/29/09 PriceWatch Alert With 10.92% Downside Protection
Posted: Thursday, October 29, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
Sysco (NYSE: SYY) closed yesterday at $27.01. So far the stock has hit a 52-week low of $19.39 and 52-week high of $27.82. Sysco stock has been showing support around 26.46 and resistance in the 28.10 range. Technical indicators for the stock are Bullish and S&P gives SYY a neutral 3 STAR (out of 5) hold rating. SYY appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 25 covered call (SYY EE) for a net debit in the $24.06 area. That is also the break even stock price for this trade. This covered call has a 205 day duration, provides 10.92% downside protection and a 3.91% assigned return rate for a 6.96% annualized return rate (comparison purposes only). Sysco has a current annual dividend yield of 3.52%. [THA-Seven Summits Research]
CLICK HERE: FREE Sysco (SYY) Stock ReportSee what our analysts have uncovered about Sysco (SYY).
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http://www.marketintelligencecenter.com/analyfav/1334434
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http://www.marketintelligencecenter.com/analyfav/1333201
Sysco (SYY) Could Break Through $30.70 Resistance Level
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http://www.marketintelligencecenter.com/analyfav/1331916
Sysco (SYY) Could Break Through $30.81 Resistance Level
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http://www.marketintelligencecenter.com/analyfav/1330804
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