Stanley Works (SWK) 11/17/09 PriceWatch Alert Support At Around $50.23
Posted: Tuesday, November 17, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
Stanley Works (NYSE: SWK) closed yesterday at $51.19. 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 50.23 and resistance in the 51.67 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 $48.44 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 5.37% downside protection and a 3.22% assigned return rate for a 19.59% annualized return rate (comparison purposes only). Stanley Works has a current annual dividend yield of 2.65%. [ATU-Seven Summits Research]
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