WW Grainger (GWW) 11/6/09 PriceWatch Alert Targets 23.19% Return
Posted: Friday, November 06, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
WW Grainger (NYSE: GWW) closed yesterday at $96.30. 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 93.57 and resistance in the 98.09 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 95 covered call (GWW AS) for a net debit in the $90.90 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 5.61% downside protection and a 4.51% assigned return rate for a 23.19% annualized return rate (comparison purposes only). WW Grainger has a current annual dividend yield of 1.94%. [FBB-Seven Summits Research]
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