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Silver Wheaton (SLW) Up Nearly 10% Yesterday With Bullish Technicals

Oct 30, 2009 (Fresh Brewed Media via COMTEX) --

Companies: St. Laurent Paperboard, Inc. (SLW)

Silver Wheaton (NYSE: SLW) closed yesterday at $13.12. So far the stock has hit a 52-week low of $2.51 and 52-week high of $14.88. Silver Wheaton stock has been showing support around 11.75 and resistance in the 13.95 range. Technical indicators for the stock are Bullish. SLW appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jun '10 10 covered call (SLW FB) for a net debit in the $8.92 area. That is also the break even stock price for this trade. This covered call has a 232 day duration, provides 32.01% downside protection and a 12.11% assigned return rate for a 19.05% annualized return rate (comparison purposes only). Silver Wheaton does not pay dividends at this time.

FBB-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

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Companies: St. Laurent Paperboard, Inc. (SLW)


Related terms: dividends, investment opinion, nyse, research, trade

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