Stanley Works (SWK) 11/18/09 PriceWatch Alert Bullish Price Movement
Posted: Wednesday, November 18, 2009 8:05 AM EDT
By: Market Intelligence Center Staff
Stanley Works (NYSE: SWK) closed yesterday at $50.44. 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 49.78 and resistance in the 51.44 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 $48.09 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 4.66% downside protection and a 3.97% assigned return rate for a 24.57% annualized return rate (comparison purposes only). Stanley Works has a current annual dividend yield of 2.63%. [WBA-Seven Summits Research]
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