Church and Dwight (CHD) 11/20/09 PriceWatch Alert Support At Around $57.00
Posted: Friday, November 20, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
Church and Dwight (NYSE: CHD) closed yesterday at $58.51. So far the stock has hit a 52-week low of $45.41 and 52-week high of $61.14. Church and Dwight stock has been showing support around 57.00 and resistance in the 60.16 range. Technical indicators for the stock are Bullish and S&P gives CHD a very positive 5 STAR (out of 5) strong buy rating. CHD appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 60 covered call (CHD DL) for a net debit in the $56.56 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 3.33% downside protection and a 6.08% assigned return rate for a 15.00% annualized return rate (comparison purposes only). Church and Dwight has a current annual dividend yield of 0.95%. [FBB-Seven Summits Research]
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