Dow Chemical (DOW) Shows Support at 22.80 and Resistance at 24.54 - Zibb.com

Nov 04, 2009 (Fresh Brewed Media via COMTEX) --

Dow Chemical (NYSE: DOW) closed yesterday at $23.87. So far the stock has hit a 52-week low of $5.89 and 52-week high of $27.39. Dow Chemical stock has been showing support around 22.80 and resistance in the 24.54 range. Technical indicators for the stock are Bearish and S&P gives DOW a neutral 3 STAR (out of 5) hold rating. DOW appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 21 covered call (DOW AY) for a net debit in the $20.12 area. That is also the break even stock price for this trade. This covered call has a 73 day duration, provides 15.71% downside protection and a 4.37% assigned return rate for a 21.87% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the DOW Jan '11 7.50 Call (VDO AU) and selling the Jan '10 21 call (DOW AY) for a $12.65 debit. The trade has a 73 day life and would provide 15.58% downside protection and a 6.72% assigned return rate for a 34.00% annualized return rate (for comparison purposes only). Dow Chemical has a current annual dividend yield of 2.56%.

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Tags: nyse   research   S&P   trade   yield  

Companies: Dow Chemical Co. (DOW)

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EPA Extends Comment Period on Proposed Dow Chemical Agreement; Meeting Nov. 5, 7 p.m. - Zibb.com

Nov 03, 2009 (Environmental Protection Agency Documents and Publications/ContentWorks via COMTEX) --

(CHICAGO -- Nov. 2, 2009) U.S. Environmental Protection Agency Region 5 has extended its comment period on a proposed EPA and Michigan Department of Environmental Quality agreement with the Dow Chemical Co. The agreement outlines the next steps in a comprehensive Superfund evaluation of contamination in the Tittabawassee River and Saginaw River and Bay and their floodplains. The comment period began that Oct. 19 has now been extended 30 days to Dec. 17.

EPA and MDEQ will not sign any agreement contained in a legal document called an administrative order on consent until after the agencies have engaged the community and fully considered public comment. A public meeting will be held Nov. 5, 7 p.m., at Saginaw Valley State University, Curtiss Hall, Banquet Rooms A&B, 7400 Bay Road, Saginaw. EPA will hold a question-and-answer session and accept public comments at the meeting.

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Tags: bank   community   contamination   epa   investigation   legal   michigan   pilot  

Companies: Dow Chemical Co. (DOW)

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Dow Chemical Up 39.2% Since SmarTrend's Buy Recommendation - Zibb.com

Oct 29, 2009 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend, our proprietary pattern recognition system, called an Uptrend for Dow Chemical (NYSE:DOW) on July 21, 2009 at $18.20.

Since then, Dow Chemical has returned 39.2% as of today's recent price of $25.32. Want to profit from these alerts?

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Companies: Dow Chemical Co. (DOW)

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Dow Chemical (DOW) Trading In Wide Support/Resistance Range - Zibb.com

Oct 23, 2009 (Fresh Brewed Media via COMTEX) --

Dow Chemical (NYSE: DOW) closed yesterday at $26.46. So far the stock has hit a 52-week low of $5.89 and 52-week high of $27.39. Dow Chemical stock has been showing support around 23.48 and resistance in the 28.08 range. Technical indicators for the stock are Bullish and S&P gives DOW a neutral 3 STAR (out of 5) hold rating. DOW appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 25 covered call (NZA AY) for a net debit in the $23.56 area. That is also the break even stock price for this trade. This covered call has an 85 day duration, provides 10.96% downside protection and a 6.11% assigned return rate for a 26.25% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the DOW Jan '11 12.50 Call (VDO AV) and selling the Jan '10 25 call (NZA AY) for an $11.20 debit. The trade has an 85 day life and would provide 10.43% downside protection and an 11.61% assigned return rate for a 50.00% annualized return rate (for comparison purposes only). Dow Chemical has a current annual dividend yield of 2.24%.

CBP-Seven Summits Research Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Tags: investment opinion   nyse   research   S&P   trade   yield  

Companies: Dow Chemical Co. (DOW)

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