Boston Beer Company Inc. (SAM) 11/20/09 PriceWatch Alert Support At Around $40.13
Posted: Friday, November 20, 2009 8:40 AM EDT
By: Market Intelligence Center Staff
Boston Beer Company Inc. (NYSE: SAM) closed yesterday at $41.00. So far the stock has hit a 52-week low of $17.50 and 52-week high of $42.25. Boston Beer Company stock has been showing support around 40.13 and resistance in the 42.35 range. Technical indicators for the stock are Bullish and S&P gives SAM a positive 4 STAR (out of 5) buy rating. SAM appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 40 covered call (SAM CH) for a net debit in the $37.20 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 9.27% downside protection and a 7.53% assigned return rate for a 22.89% annualized return rate (comparison purposes only). Boston Beer Company does not pay dividends at this time. [FBB-Seven Summits Research]
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