Minerals Technologies (MTX) 11/20/09 PriceWatch Alert Technicals Showing Bullish
Posted: Friday, November 20, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
Minerals Technologies (NYSE: MTX) closed yesterday at $54.62. So far the stock has hit a 52-week low of $26.11 and 52-week high of $57.37. Minerals Technologies stock has been showing support around 52.92 and resistance in the 57.50 range. Technical indicators for the stock are Bullish and S&P gives MTX a positive 4 STAR (out of 5) buy rating. MTX appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 55 covered call (MTX BK) for a net debit in the $52.22 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 4.39% downside protection and a 5.32% assigned return rate for a 21.12% annualized return rate (comparison purposes only). Minerals Technologies has a current annual dividend yield of 0.35%. [FBB-Seven Summits Research]
CLICK HERE: FREE Minerals Technologies (MTX) Stock ReportSee what our analysts have uncovered about Minerals Technologies (MTX).