Rio Tinto PLC (RTP) On Investors Observer Momentum Plays List

Posted: Thursday, November 05, 2009 8:41 AM EDT

Rio Tinto PLC (NYSE: RTP) closed yesterday at $187.22. So far the stock has hit a 52-week low of $59.20 and 52-week high of $216.46. Rio Tinto PLC stock has been showing support around 183.08 and resistance in the 193.26 range. Technical indicators for the stock are Bullish and S&P gives RTP a neutral 3 STAR (out of 5) hold rating. RTP appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jan '10 185 covered call (RTP AU) for a net debit in the $170.52 area. That is also the break even stock price for this trade. This covered call has a 72 day duration, provides 8.92% downside protection and an 8.49% assigned return rate for a 43.05% annualized return rate (comparison purposes only). Rio Tinto PLC has a current annual dividend yield of 1.49%. [THA-Seven Summits Research]

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