Valspar (VAL) 11/9/09 PriceWatch Alert Up To 10.40% Downside Protection
Posted: Monday, November 09, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Valspar (NYSE: VAL) ended the last trading session at $26.92. So far the stock has hit a 52-week low of $14.47 and 52-week high of $28.60. Valspar stock has been showing support around 26.37 and resistance in the 27.31 range. Technical indicators for the stock are Bullish and S&P gives VAL a neutral 3 STAR (out of 5) hold rating. VAL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 25 covered call (VAL DE) for a net debit in the $24.12 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 10.40% downside protection and a 3.65% assigned return rate for an 8.38% annualized return rate (comparison purposes only). Valspar has a current annual dividend yield of 2.32%. [ABR-Seven Summits Research]
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