Sigma Aldrich (SIAL) 11/9/09 PriceWatch Alert Technicals Showing Bullish
Posted: Monday, November 09, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
Sigma Aldrich (NasdaqNM: SIAL) ended the last trading session at $54.41. So far the stock has hit a 52-week low of $31.45 and 52-week high of $56.29. Sigma Aldrich stock has been showing support around 53.43 and resistance in the 55.45 range. Technical indicators for the stock are Bullish and S&P gives SIAL a neutral 3 STAR (out of 5) hold rating. SIAL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 50 covered call (IAQ DJ) for a net debit in the $48.11 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 11.58% downside protection and a 3.93% assigned return rate for a 9.02% annualized return rate (comparison purposes only). Sigma Aldrich has a current annual dividend yield of 1.09%. [ABR-Seven Summits Research]
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