Silgan Holdings Inc. (SLGN) PriceWatch Alert for November 16, 2009
Posted: Monday, November 16, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
Silgan Holdings Inc. (NasdaqNM: SLGN) ended the last trading session at $56.21. 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 55.03 and resistance in the 57.05 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 $52.81 area. That is also the break even stock price for this trade. This covered call has a 96 day duration, provides 6.05% downside protection and a 4.15% assigned return rate for a 15.77% annualized return rate (comparison purposes only). Silgan Holdings has a current annual dividend yield of 1.34%. [ABR-Seven Summits Research]
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