Tenaris (TS) 2/9/10 PriceWatch Alert Could Hit 23.59% Return
Posted: Tuesday, February 09, 2010 8:46 AM EDT
By: Market Intelligence Center Staff
Tenaris (NYSE: TS) closed yesterday at $42.00. So far the stock has hit a 52-week low of $14.82 and 52-week high of $47.76. Tenaris stock has been showing support around 41.16 and resistance in the 43.52 range. Technical indicators for the stock are Bearish. TS appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jun '10 40 covered call for a net debit in the $36.90 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 12.14% downside protection and an 8.40% assigned return rate for a 23.59% annualized return rate (comparison purposes only). Tenaris has a current annual dividend yield of 1.99%. [ATU-Seven Summits Research]
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