Tidewater (TDW) PriceWatch Alert for February 9, 2010

Posted: Tuesday, February 09, 2010 8:41 AM EDT

Tidewater (NYSE: TDW) closed yesterday at $44.03. 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 42.71 and resistance in the 45.43 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 a Jul '10 40 covered call for a net debit in the $38.23 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 13.17% downside protection and a 4.63% assigned return rate for a 10.70% annualized return rate (comparison purposes only). Tidewater has a current annual dividend yield of 2.23%. [ATU-Seven Summits Research]

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