Stericycle (SRCL) Sold Off Yesterday But Showing Bullish Technicals And Positive 4 STARs S&P Rating

Stericycle (NasdaqNM: SRCL) closed yesterday at $52.27. So far the stock has hit a 52-week low of $44.36 and 52-week high of $61.87. Stericycle stock has been showing support around 50.26 and resistance in the 53.76 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 Dec '09 55 covered call (URL LK) for a net debit in the $51.32 area. That is also the break even stock price for this trade. This covered call has a 53 day duration, provides 1.82% downside protection and a 7.17% assigned return rate for a 49.38% annualized return rate (comparison purposes only). Stericycle does not pay dividends at this time.

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