Plantronics (PLT) Traded Lower Friday And Makes Investors Observer Momentum Play List

Posted: Monday, November 09, 2009 8:45 AM EDT

Plantronics (NYSE: PLT) ended the last trading session at $25.62. So far the stock has hit a 52-week low of $7.42 and 52-week high of $28.55. Plantronics stock has been showing support around 24.93 and resistance in the 26.71 range. Technical indicators for the stock are Bullish and S&P gives PLT a positive 4 STAR (out of 5) buy rating. PLT appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 25 covered call (PLT EE) for a net debit in the $22.02 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 14.05% downside protection and a 13.53% assigned return rate for a 25.46% annualized return rate (comparison purposes only). Plantronics has a current annual dividend yield of 0.82%. [ABR-Seven Summits Research]

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