WW Grainger (GWW) 11/3/09 PriceWatch Alert Support At Around $91.75

Posted: Tuesday, November 03, 2009 8:42 AM EDT

WW Grainger (NYSE: GWW) closed yesterday at $94.62. So far the stock has hit a 52-week low of $58.86 and 52-week high of $98.50. WW Grainger stock has been showing support around 91.75 and resistance in the 96.87 range. Technical indicators for the stock are Bullish and S&P gives GWW a neutral 3 STAR (out of 5) hold rating. GWW appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 90 covered call (GWW AR) for a net debit in the $87.42 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 7.61% downside protection and a 2.95% assigned return rate for a 14.56% annualized return rate (comparison purposes only). WW Grainger has a current annual dividend yield of 1.92%. [ATU-Seven Summits Research]

Click Symbol For More News On: (GWW)