WW Grainger (GWW) 11/16/09 PriceWatch Alert At $92.59 Break Even
Posted: Monday, November 16, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
WW Grainger (NYSE: GWW) ended the last trading session at $99.49. So far the stock has hit a 52-week low of $58.86 and 52-week high of $99.98. WW Grainger stock has been showing support around 97.46 and resistance in the 101.00 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 $92.59 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 6.94% downside protection and a 2.60% assigned return rate for a 15.57% annualized return rate (comparison purposes only). WW Grainger has a current annual dividend yield of 1.86%. [ABR-Seven Summits Research]
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