Sigma Aldrich (SIAL) 11/13/09 PriceWatch Alert Support At Around $54.05
Posted: Friday, November 13, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Sigma Aldrich (NasdaqNM: SIAL) closed yesterday at $54.76. So far the stock has hit a 52-week low of $31.45 and 52-week high of $56.29. Sigma Aldrich stock has been showing support around 54.05 and resistance in the 55.83 range. Technical indicators for the stock are Bullish and S&P gives SIAL a neutral 3 STAR (out of 5) hold rating. SIAL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 50 covered call (IAQ DJ) for a net debit in the $48.16 area. That is also the break even stock price for this trade. This covered call has a 155 day duration, provides 12.05% downside protection and a 3.82% assigned return rate for a 9.00% annualized return rate (comparison purposes only). Sigma Aldrich has a current annual dividend yield of 1.05%. [FBB-Seven Summits Research]
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