Becton Dickinson (BDX) 11/3/09 PriceWatch Alert At $65.85 Break Even

Posted: Tuesday, November 03, 2009 8:43 AM EDT

Becton Dickinson (NYSE: BDX) closed yesterday at $68.95. So far the stock has hit a 52-week low of $58.14 and 52-week high of $77.11. Becton Dickinson stock has been showing support around 67.34 and resistance in the 70.04 range. Technical indicators for the stock are Bullish and S&P gives BDX a neutral 3 STAR (out of 5) hold rating. BDX appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Mar '10 70 covered call (BDX CN) for a net debit in the $65.85 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 4.50% downside protection and a 6.30% assigned return rate for a 16.79% annualized return rate (comparison purposes only). Becton Dickinson has a current annual dividend yield of 1.94%. [ATU-Seven Summits Research]

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