Tidewater (TDW) 11/23/09 PriceWatch Alert Support At Around $43.64

Posted: Monday, November 23, 2009 8:20 AM EDT

Tidewater (NYSE: TDW) closed yesterday at $44.48. So far the stock has hit a 52-week low of $31.09 and 52-week high of $52.05. Tidewater stock has been showing support around 43.64 and resistance in the 45.10 range. Technical indicators for the stock are Bearish and S&P gives TDW a neutral 3 STAR (out of 5) hold rating. TDW appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 40 covered call (TDW DH) for a net debit in the $38.38 area. That is also the break even stock price for this trade. This covered call has a 145 day duration, provides 13.71% downside protection and a 4.22% assigned return rate for a 10.63% annualized return rate (comparison purposes only). Tidewater has a current annual dividend yield of 2.19%. [ABR-Seven Summits Research]

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