Ecolab (ECL) 11/12/09 PriceWatch Alert Technicals Showing Bullish
Posted: Thursday, November 12, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Ecolab (NYSE: ECL) closed yesterday at $46.24. So far the stock has hit a 52-week low of $29.27 and 52-week high of $47.88. Ecolab stock has been showing support around 45.63 and resistance in the 47.15 range. Technical indicators for the stock are Bullish and S&P gives ECL a positive 4 STAR (out of 5) buy rating. ECL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (ECL AI) for a net debit in the $43.89 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 5.08% downside protection and a 2.53% assigned return rate for a 14.20% annualized return rate (comparison purposes only). Ecolab has a current annual dividend yield of 1.21%. [THA-Seven Summits Research]
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