Sigma Aldrich (SIAL) 11/3/09 PriceWatch Alert Support At Around $51.38
Posted: Tuesday, November 03, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Sigma Aldrich (NasdaqNM: SIAL) closed yesterday at $52.88. So far the stock has hit a 52-week low of $31.45 and 52-week high of $56.29. Sigma Aldrich stock has been showing support around 51.38 and resistance in the 54.12 range. Technical indicators for the stock are Neutral and S&P gives SIAL a neutral 3 STAR (out of 5) hold rating. SIAL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 50 covered call (IAQ AJ) for a net debit in the $48.68 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 7.94% downside protection and a 2.71% assigned return rate for a 13.37% annualized return rate (comparison purposes only). Sigma Aldrich has a current annual dividend yield of 1.09%. [ATU-Seven Summits Research]
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