TORO (TTC) Possible Trade On Investors Observer Hedged Dividend Income List
Posted: Monday, November 16, 2009 9:07 AM EDT
By: Market Intelligence Center Staff
Toro (NYSE: TTC) ended the last trading session at $40.29. So far the stock has hit a 52-week low of $20.24 and 52-week high of $42.03. Toro stock has been showing support around 39.71 and resistance in the 40.75 range. Technical indicators for the stock are Bullish and S&P gives TTC a neutral 3 STAR (out of 5) hold rating. TTC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 40 covered call (TTC CH) for a net debit in the $36.79 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 8.69% downside protection and an 8.73% assigned return rate for a 25.68% annualized return rate (comparison purposes only). Toro has a current annual dividend yield of 1.48%. [ABR-Seven Summits Research]
CLICK HERE: FREE Toro (TTC) Stock ReportSee what our analysts have uncovered about Toro (TTC).