Stanley Works (SWK) 11/16/09 PriceWatch Alert With 4.67% Downside Protection
Posted: Monday, November 16, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
Stanley Works (NYSE: SWK) ended the last trading session at $50.28. 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 49.33 and resistance in the 50.99 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 50 covered call (SWK AJ) for a net debit in the $47.93 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 4.67% downside protection and a 4.32% assigned return rate for a 25.84% annualized return rate (comparison purposes only). Stanley Works has a current annual dividend yield of 2.63%. [ABR-Seven Summits Research]
CLICK HERE: FREE Stanley Black & Decker (SWK) Stock ReportSee what our analysts have uncovered about Stanley Black & Decker (SWK).