Toro (TTC) 11/3/09 PriceWatch Alert With Support Around $35.83
Posted: Tuesday, November 03, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
Toro (NYSE: TTC) closed yesterday at $37.01. So far the stock has hit a 52-week low of $20.24 and 52-week high of $42.03. Toro stock has been showing support around 35.83 and resistance in the 38.29 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 Mar '10 35 covered call (TTC CG) for a net debit in the $32.91 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 11.08% downside protection and a 6.35% assigned return rate for a 16.92% annualized return rate (comparison purposes only). Toro has a current annual dividend yield of 1.59%. [ATU-Seven Summits Research]
CLICK HERE: FREE Toro (TTC) Stock ReportSee what our analysts have uncovered about Toro (TTC).