Becton Dickinson (BDX) 11/6/09 PriceWatch Alert Support At Around $67.80
Posted: Friday, November 06, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
Becton Dickinson (NYSE: BDX) closed yesterday at $68.85. 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 67.80 and resistance in the 69.52 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 $65.90 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 4.28% downside protection and a 6.22% assigned return rate for a 16.95% annualized return rate (comparison purposes only). Becton Dickinson has a current annual dividend yield of 1.89%. [FBB-Seven Summits Research]
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