Silgan Holdings Inc. (SLGN) 11/13/09 PriceWatch Alert Shows Bullish Technicals
Posted: Friday, November 13, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
Silgan Holdings Inc. (NasdaqNM: SLGN) closed yesterday at $55.84. So far the stock has hit a 52-week low of $40.06 and 52-week high of $57.41. Silgan Holdings stock has been showing support around 54.98 and resistance in the 57.34 range. Technical indicators for the stock are Bullish and S&P gives SLGN a neutral 3 STAR (out of 5) hold rating. SLGN appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 55 covered call (EQD BK) for a net debit in the $52.64 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 5.73% downside protection and a 4.48% assigned return rate for a 16.53% annualized return rate (comparison purposes only). Silgan Holdings has a current annual dividend yield of 1.36%. [FBB-Seven Summits Research]
CLICK HERE: FREE Silgan Holdings (SLGN) Stock ReportSee what our analysts have uncovered about Silgan Holdings (SLGN).