Valspar (VAL) 11/20/09 PriceWatch Alert Targets 12.73% Downside Protection
Posted: Friday, November 20, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Valspar (NYSE: VAL) closed yesterday at $27.49. So far the stock has hit a 52-week low of $14.47 and 52-week high of $28.60. Valspar stock has been showing support around 26.94 and resistance in the 28.24 range. Technical indicators for the stock are Bullish and S&P gives VAL a neutral 3 STAR (out of 5) hold rating. VAL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 25 covered call (VAL DE) for a net debit in the $23.99 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 12.73% downside protection and a 4.21% assigned return rate for a 10.38% annualized return rate (comparison purposes only). Valspar has a current annual dividend yield of 2.13%. [FBB-Seven Summits Research]
CLICK HERE: FREE Valspar (VAL) Stock ReportSee what our analysts have uncovered about Valspar (VAL).