Stanley Works (SWK) 11/13/09 PriceWatch Alert Targets 14.65% Return
Posted: Friday, November 13, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Stanley Works (NYSE: SWK) closed yesterday at $49.81. So far the stock has hit a 52-week low of $22.61 and 52-week high of $51.20. Stanley Works stock has been showing support around 49.10 and resistance in the 50.68 range. Technical indicators for the stock are Bullish and S&P gives SWK a neutral 3 STAR (out of 5) hold rating. SWK appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 47.50 covered call (SWK AW) for a net debit in the $46.31 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 7.03% downside protection and a 2.57% assigned return rate for a 14.65% annualized return rate (comparison purposes only). Stanley Works has a current annual dividend yield of 2.63%. [FBB-Seven Summits Research]
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