WW Grainger (GWW) 11/12/09 PriceWatch Alert Support At Around $97.55
Posted: Thursday, November 12, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
WW Grainger (NYSE: GWW) closed yesterday at $98.82. So far the stock has hit a 52-week low of $58.86 and 52-week high of $99.68. WW Grainger stock has been showing support around 97.55 and resistance in the 100.31 range. Technical indicators for the stock are Bullish and S&P gives GWW a neutral 3 STAR (out of 5) hold rating. GWW appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 95 covered call (GWW AS) for a net debit in the $92.32 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 6.58% downside protection and a 2.90% assigned return rate for a 16.30% annualized return rate (comparison purposes only). WW Grainger has a current annual dividend yield of 1.87%. [THA-Seven Summits Research]
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