Compass Minerals International (CMP) PriceWatch Alert for November 20, 2009
Posted: Friday, November 20, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
Compass Minerals International (NYSE: CMP) closed yesterday at $65.98. So far the stock has hit a 52-week low of $42.60 and 52-week high of $67.05. Compass Minerals International stock has been showing support around 63.97 and resistance in the 67.07 range. Technical indicators for the stock are Bullish and S&P gives CMP a neutral 3 STAR (out of 5) hold rating. CMP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 65 covered call (CMP CM) for a net debit in the $60.58 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 8.18% downside protection and a 7.30% assigned return rate for a 22.19% annualized return rate (comparison purposes only). Compass Minerals International has a current annual dividend yield of 2.19%. [FBB-Seven Summits Research]
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