JM Smucker (SJM) 11/20/09 PriceWatch Alert Targets 35.25% Return
Posted: Friday, November 20, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
JM Smucker (NYSE: SJM) closed yesterday at $53.48. So far the stock has hit a 52-week low of $34.09 and 52-week high of $55.36. JM Smucker stock has been showing support around 51.59 and resistance in the 54.79 range. Technical indicators for the stock are Bullish and S&P gives SJM a very positive 5 STAR (out of 5) strong buy rating. SJM appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 55 covered call (SJM AK) for a net debit in the $52.13 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 2.52% downside protection and a 5.51% assigned return rate for a 35.25% annualized return rate (comparison purposes only). JM Smucker has a current annual dividend yield of 2.58%. [FBB-Seven Summits Research]
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