Sigma Aldrich (SIAL) 11/20/09 PriceWatch Alert Bullish Price Movement
Posted: Friday, November 20, 2009 8:17 AM EDT
By: Market Intelligence Center Staff
Sigma Aldrich (NasdaqNM: SIAL) closed yesterday at $53.88. So far the stock has hit a 52-week low of $31.45 and 52-week high of $56.29. Sigma Aldrich stock has been showing support around 52.55 and resistance in the 55.49 range. Technical indicators for the stock are Bullish and S&P gives SIAL a neutral 3 STAR (out of 5) hold rating. SIAL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 50 covered call (IAQ DJ) for a net debit in the $47.98 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 10.95% downside protection and a 4.21% assigned return rate for a 10.38% annualized return rate (comparison purposes only). Sigma Aldrich has a current annual dividend yield of 1.04%. [FBB-Seven Summits Research]
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