Ecolab (ECL) 11/20/09 PriceWatch Alert Bearish Price Movement
Posted: Friday, November 20, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Ecolab (NYSE: ECL) closed yesterday at $45.29. So far the stock has hit a 52-week low of $29.27 and 52-week high of $47.88. Ecolab stock has been showing support around 44.71 and resistance in the 45.97 range. Technical indicators for the stock are Bearish and S&P gives ECL a positive 4 STAR (out of 5) buy rating. ECL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (ECL AI) for a net debit in the $43.64 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 3.64% downside protection and a 3.12% assigned return rate for a 19.96% annualized return rate (comparison purposes only). Ecolab has a current annual dividend yield of 1.21%. [FBB-Seven Summits Research]
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