Plains All American Pipeline (PAA) 2/9/10 PriceWatch Alert Bearish Price Movement
Posted: Tuesday, February 09, 2010 8:44 AM EDT
By: Market Intelligence Center Staff
Plains All American Pipeline (NYSE: PAA) closed yesterday at $51.86. So far the stock has hit a 52-week low of $34.00 and 52-week high of $57.11. Plains All American Pipeline stock has been showing support around 51.15 and resistance in the 52.97 range. Technical indicators for the stock are Bearish and S&P gives PAA a positive 4 STAR (out of 5) buy rating. PAA appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 50 covered call for a net debit in the $48.76 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 5.98% downside protection and a 2.54% assigned return rate for a 9.10% annualized return rate (comparison purposes only). Plains All American Pipeline has a current annual dividend yield of 7.10%. [ATU-Seven Summits Research]
CLICK HERE: FREE Plains All American Pipeline (PAA) Stock ReportSee what our analysts have uncovered about Plains All American Pipeline (PAA).