Watsco (WSO) PriceWatch Alert for November 17, 2009
Posted: Tuesday, November 17, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
Watsco (NYSE: WSO) closed yesterday at $52.79. So far the stock has hit a 52-week low of $29.34 and 52-week high of $57.63. Watsco stock has been showing support around 51.79 and resistance in the 53.61 range. Technical indicators for the stock are Bullish and S&P gives WSO a neutral 3 STAR (out of 5) hold rating. WSO appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 50 covered call (WSO BJ) for a net debit in the $48.09 area. That is also the break even stock price for this trade. This covered call has a 95 day duration, provides 8.90% downside protection and a 3.97% assigned return rate for a 15.26% annualized return rate (comparison purposes only). Watsco has a current annual dividend yield of 3.73%. [ATU-Seven Summits Research]
CLICK HERE: FREE Watsco (WSO) Stock ReportSee what our analysts have uncovered about Watsco (WSO).