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Newell Rubbermaid (NWL) Showing Bearish Technicals With S&P 3 Star Hold Rating

Nov 03, 2009 (Fresh Brewed Media via COMTEX) --

Company: Newell Rubbermaid, Inc. (NWL)

Newell Rubbermaid (NYSE: NWL) closed yesterday at $14.12. So far the stock has hit a 52-week low of $4.51 and 52-week high of $16.10. Newell Rubbermaid stock has been showing support around 13.61 and resistance in the 14.65 range. Technical indicators for the stock are Bearish and S&P gives NWL a neutral 3 STAR (out of 5) hold rating. NWL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 12.50 covered call (NWL FV) for a net debit in the $11.62 area. That is also the break even stock price for this trade. This covered call has a 228 day duration, provides 17.71% downside protection and a 7.57% assigned return rate for a 12.12% annualized return rate (comparison purposes only). Newell Rubbermaid has a current annual dividend yield of 1.38%.

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Company: Newell Rubbermaid, Inc. (NWL)


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