Stanley Works (SWK) 11/19/09 PriceWatch Alert Up To 14.36% Return
Posted: Thursday, November 19, 2009 8:17 AM EDT
By: Market Intelligence Center Staff
Stanley Works (NYSE: SWK) closed yesterday at $49.84. 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 49.31 and resistance in the 50.63 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 47.50 covered call (SWK AW) for a net debit in the $46.44 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 6.82% downside protection and a 2.28% assigned return rate for a 14.36% annualized return rate (comparison purposes only). Stanley Works has a current annual dividend yield of 2.58%. [THA-Seven Summits Research]
CLICK HERE: FREE Stanley Black & Decker (SWK) Stock ReportSee what our analysts have uncovered about Stanley Black & Decker (SWK).