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Bemis Company (BMS) Just Below Its 52 Week High And Trading With Bullish Technicals

Oct 19, 2009 (Fresh Brewed Media via COMTEX) --

Company: Bemis Co., Inc. (BMS)

Bemis Company (NYSE: BMS) ended the last trading session at $26.53. So far the stock has hit a 52-week low of $16.85 and 52-week high of $27.65. Bemis stock has been showing support around 26.14 and resistance in the 27.00 range. Technical indicators for the stock are Bullish and S&P gives BMS a neutral 3 STAR (out of 5) hold rating. BMS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 25 covered call (BMS DE) for a net debit in the $23.88 area. That is also the break even stock price for this trade. This covered call has an 180 day duration, provides 9.99% downside protection and a 4.69% assigned return rate for a 9.51% annualized return rate (comparison purposes only). Bemis has a current annual dividend yield of 3.34%.

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Company: Bemis Co., Inc. (BMS)


Related terms: dividend, nyse, research, S&P, trade, yield

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