Toro (TTC) 11/20/09 PriceWatch Alert With Support Around $39.14
Posted: Friday, November 20, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Toro (NYSE: TTC) closed yesterday at $39.97. So far the stock has hit a 52-week low of $20.24 and 52-week high of $42.03. Toro stock has been showing support around 39.14 and resistance in the 40.44 range. Technical indicators for the stock are Bullish and S&P gives TTC a neutral 3 STAR (out of 5) hold rating. TTC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 35 covered call (TTC FG) for a net debit in the $33.27 area. That is also the break even stock price for this trade. This covered call has a 211 day duration, provides 16.76% downside protection and a 5.20% assigned return rate for a 9.00% annualized return rate (comparison purposes only). Toro has a current annual dividend yield of 1.49%. [FBB-Seven Summits Research]
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