Scripps Networks Interactive Inc. (SNI) 11/18/09 PriceWatch Alert Technicals Showing Bullish
Posted: Wednesday, November 18, 2009 8:19 AM EDT
By: Market Intelligence Center Staff
Scripps Networks Interactive Inc. (NYSE: SNI) closed yesterday at $40.78. So far the stock has hit a 52-week low of $18.10 and 52-week high of $41.05. Scripps Networks stock has been showing support around 40.03 and resistance in the 41.33 range. Technical indicators for the stock are Bullish and S&P gives SNI a very positive 5 STAR (out of 5) strong buy rating. SNI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 40 covered call (SNI CH) for a net debit in the $37.58 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 7.85% downside protection and a 6.44% assigned return rate for a 19.27% annualized return rate (comparison purposes only). Scripps Networks has a current annual dividend yield of 0.74%. [WBA-Seven Summits Research]
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