Toro (TTC) 11/18/09 PriceWatch Alert Shows Bullish Technicals
Posted: Wednesday, November 18, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
Toro (NYSE: TTC) closed yesterday at $40.18. So far the stock has hit a 52-week low of $20.24 and 52-week high of $42.03. Toro stock has been showing support around 39.51 and resistance in the 41.15 range. Technical indicators for the stock are Bullish and S&P gives TTC a neutral 3 STAR (out of 5) hold rating. TTC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 40 covered call (TTC CH) for a net debit in the $36.78 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 8.46% downside protection and an 8.75% assigned return rate for a 26.19% annualized return rate (comparison purposes only). Toro has a current annual dividend yield of 1.49%. [WBA-Seven Summits Research]
CLICK HERE: FREE Toro (TTC) Stock ReportSee what our analysts have uncovered about Toro (TTC).