Stericycle (SRCL) 11/20/09 PriceWatch Alert Bullish Price Movement
Posted: Friday, November 20, 2009 8:40 AM EDT
By: Market Intelligence Center Staff
Stericycle (NasdaqNM: SRCL) closed yesterday at $54.15. So far the stock has hit a 52-week low of $44.36 and 52-week high of $59.05. Stericycle stock has been showing support around 53.20 and resistance in the 55.36 range. Technical indicators for the stock are Bullish and S&P gives SRCL a positive 4 STAR (out of 5) buy rating. SRCL appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 55 covered call (URL BK) for a net debit in the $51.95 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 4.06% downside protection and a 5.87% assigned return rate for a 23.29% annualized return rate (comparison purposes only). Stericycle does not pay dividends at this time. [FBB-Seven Summits Research]
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