Toro (TTC) 11/13/09 PriceWatch Alert Support Down To $39.15
Posted: Friday, November 13, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
Toro (NYSE: TTC) closed yesterday at $40.02. So far the stock has hit a 52-week low of $20.24 and 52-week high of $42.03. Toro stock has been showing support around 39.15 and resistance in the 41.43 range. Technical indicators for the stock are Bullish and S&P gives TTC a neutral 3 STAR (out of 5) hold rating. TTC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 40 covered call (TTC CH) for a net debit in the $36.62 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 8.50% downside protection and a 9.23% assigned return rate for a 26.53% annualized return rate (comparison purposes only). Toro has a current annual dividend yield of 1.47%. [FBB-Seven Summits Research]
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