Stanley Works (SWK) 11/11/09 PriceWatch Alert Up To 24.00% Return
Posted: Wednesday, November 11, 2009 8:02 AM EDT
By: Market Intelligence Center Staff
Stanley Works (NYSE: SWK) closed yesterday at $50.17. So far the stock has hit a 52-week low of $22.61 and 52-week high of $50.60. Stanley Works stock has been showing support around 49.11 and resistance in the 51.13 range. Technical indicators for the stock are Bullish and S&P gives SWK a neutral 3 STAR (out of 5) hold rating. SWK appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 50 covered call (SWK AJ) for a net debit in the $47.92 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 4.48% downside protection and a 4.34% assigned return rate for a 24.00% annualized return rate (comparison purposes only). Stanley Works has a current annual dividend yield of 2.63%. [WBA-Seven Summits Research]
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