Watsco (WSO) Showing Bearish Technicals And Stock Receives Neutral 3 STARs S&P Rating
Posted: Friday, November 20, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
Watsco (NYSE: WSO) closed yesterday at $51.58. So far the stock has hit a 52-week low of $29.34 and 52-week high of $57.63. Watsco stock has been showing support around 49.67 and resistance in the 53.89 range. Technical indicators for the stock are Bearish and S&P gives WSO a neutral 3 STAR (out of 5) hold rating. WSO appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 50 covered call (WSO AJ) for a net debit in the $48.58 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 5.82% downside protection and a 2.92% assigned return rate for an 18.72% annualized return rate (comparison purposes only). Watsco has a current annual dividend yield of 3.66%. [FBB-Seven Summits Research]
CLICK HERE: FREE Watsco (WSO) Stock ReportSee what our analysts have uncovered about Watsco (WSO).