Silgan Holdings Inc. (SLGN) 11/19/09 PriceWatch Alert Could Hit 13.66% Return
Posted: Thursday, November 19, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
Silgan Holdings Inc. (NasdaqNM: SLGN) closed yesterday at $56.65. So far the stock has hit a 52-week low of $40.06 and 52-week high of $57.69. Silgan Holdings stock has been showing support around 55.79 and resistance in the 57.39 range. Technical indicators for the stock are Bullish and S&P gives SLGN a neutral 3 STAR (out of 5) hold rating. SLGN appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 55 covered call (EQD BK) for a net debit in the $53.15 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 6.18% downside protection and a 3.48% assigned return rate for a 13.66% annualized return rate (comparison purposes only). Silgan Holdings has a current annual dividend yield of 1.33%. [THA-Seven Summits Research]
CLICK HERE: FREE Silgan Holdings (SLGN) Stock ReportSee what our analysts have uncovered about Silgan Holdings (SLGN).