China Telecom (CHA) 2/9/10 PriceWatch Alert At $37.52 Break Even
Posted: Tuesday, February 09, 2010 8:47 AM EDT
By: Market Intelligence Center Staff
China Telecom (NYSE: CHA) closed yesterday at $40.72. So far the stock has hit a 52-week low of $31.92 and 52-week high of $56.41. China Telecom stock has been showing support around 40.21 and resistance in the 41.45 range. Technical indicators for the stock are Bearish and S&P gives CHA a neutral 3 STAR (out of 5) hold rating. CHA 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 $37.52 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 7.86% downside protection and a 6.61% assigned return rate for an 18.56% annualized return rate (comparison purposes only). China Telecom has a current annual dividend yield of 2.37%. [ATU-Seven Summits Research]
CLICK HERE: FREE China Telecom (CHA) Stock ReportSee what our analysts have uncovered about China Telecom (CHA).