Ecolab (ECL) 11/17/09 PriceWatch Alert Up To 15.24% Return
Posted: Tuesday, November 17, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
Ecolab (NYSE: ECL) closed yesterday at $46.15. So far the stock has hit a 52-week low of $29.27 and 52-week high of $47.88. Ecolab stock has been showing support around 45.68 and resistance in the 46.40 range. Technical indicators for the stock are Bullish and S&P gives ECL a positive 4 STAR (out of 5) buy rating. ECL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (ECL AI) for a net debit in the $43.90 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 4.88% downside protection and a 2.51% assigned return rate for a 15.24% annualized return rate (comparison purposes only). Ecolab has a current annual dividend yield of 1.23%. [ATU-Seven Summits Research]
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