Scripps Networks Interactive Inc. (SNI) 11/10/09 PriceWatch Alert Technicals Showing Bullish
Posted: Tuesday, November 10, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Scripps Networks Interactive Inc. (NYSE: SNI) closed yesterday at $39.59. So far the stock has hit a 52-week low of $18.10 and 52-week high of $40.29. Scripps Networks stock has been showing support around 38.82 and resistance in the 40.14 range. Technical indicators for the stock are Bullish and S&P gives SNI a very positive 5 STAR (out of 5) strong buy rating. SNI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 35 covered call (SNI CG) for a net debit in the $33.69 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 14.90% downside protection and a 3.89% assigned return rate for a 10.92% annualized return rate (comparison purposes only). Scripps Networks has a current annual dividend yield of 0.76%. [ATU-Seven Summits Research]
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