Scotts Miracle Gro (SMG) 11/16/09 PriceWatch Alert Up To 18.19% Return
Posted: Monday, November 16, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
Scotts Miracle Gro (NYSE: SMG) ended the last trading session at $41.72. So far the stock has hit a 52-week low of $24.17 and 52-week high of $44.25. Scotts Miracle Gro stock has been showing support around 40.71 and resistance in the 42.63 range. Technical indicators for the stock are Bearish and S&P gives SMG a neutral 3 STAR (out of 5) hold rating. SMG appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 40 covered call (SMG AH) for a net debit in the $38.82 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 6.95% downside protection and a 3.04% assigned return rate for an 18.19% annualized return rate (comparison purposes only). Scotts Miracle Gro has a current annual dividend yield of 1.16%. [ABR-Seven Summits Research]
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