Stericycle (SRCL) 11/3/09 PriceWatch Alert Up To 27.76% Return

Posted: Tuesday, November 03, 2009 8:22 AM EDT

Stericycle (NasdaqNM: SRCL) closed yesterday at $52.64. So far the stock has hit a 52-week low of $44.36 and 52-week high of $61.87. Stericycle stock has been showing support around 51.28 and resistance in the 53.68 range. Technical indicators for the stock are Bullish and S&P gives SRCL a positive 4 STAR (out of 5) buy rating. SRCL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 55 covered call (URL BK) for a net debit in the $50.79 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 3.51% downside protection and an 8.29% assigned return rate for a 27.76% annualized return rate (comparison purposes only). Stericycle does not pay dividends at this time. [ATU-Seven Summits Research]

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