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Stericycle (SRCL) Flat Yesterday And Trading In Tight Support/Resistance Range

Stericycle (NasdaqNM: SRCL) closed yesterday at $53.04. 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 51.86 and resistance in the 53.96 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 Feb '10 55 covered call (URL BK) for a net debit in the $51.29 area. That is also the break even stock price for this trade. This covered call has a 107 day duration, provides 3.30% downside protection and a 7.23% assigned return rate for a 24.67% annualized return rate (comparison purposes only). Stericycle does not pay dividends at this time.

THA-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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