WW Grainger (GWW) 11/17/09 PriceWatch Alert With $96.49 Break Even
Posted: Tuesday, November 17, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
WW Grainger (NYSE: GWW) closed yesterday at $101.09. So far the stock has hit a 52-week low of $58.86 and 52-week high of $101.48. WW Grainger stock has been showing support around 98.39 and resistance in the 102.83 range. Technical indicators for the stock are Bullish and S&P gives GWW a neutral 3 STAR (out of 5) hold rating. GWW appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 100 covered call (GWW AT) for a net debit in the $96.49 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 4.55% downside protection and a 3.64% assigned return rate for a 22.13% annualized return rate (comparison purposes only). WW Grainger has a current annual dividend yield of 1.87%. [ATU-Seven Summits Research]
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