Bank of Hawaii (BOH) In Tight Support/Resistance Range With Bullish Technicals And Positive 4 STARs S&P Rating

Posted: Friday, November 13, 2009 9:30 AM EDT

Bank of Hawaii (NYSE: BOH) closed yesterday at $44.43. So far the stock has hit a 52-week low of $25.33 and 52-week high of $46.78. Bank of Hawaii stock has been showing support around 43.67 and resistance in the 45.85 range. Technical indicators for the stock are Bullish and S&P gives BOH a positive 4 STAR (out of 5) buy rating. BOH appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (BOH AI) for a net debit in the $42.78 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 3.71% downside protection and a 5.19% assigned return rate for a 29.60% annualized return rate (comparison purposes only). Bank of Hawaii has a current annual dividend yield of 4.02%. [FBB-Seven Summits Research]

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