Potlatch (PCH) 2/9/10 PriceWatch Alert Support At Around $29.92
Posted: Tuesday, February 09, 2010 8:31 AM EDT
By: Market Intelligence Center Staff
Potlatch (NYSE: PCH) closed yesterday at $30.31. So far the stock has hit a 52-week low of $18.00 and 52-week high of $33.72. Potlatch stock has been showing support around 29.92 and resistance in the 31.04 range. Technical indicators for the stock are Bearish. PCH appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Aug '10 30 covered call for a net debit in the $29.01 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 4.29% downside protection and a 3.41% assigned return rate for a 6.45% annualized return rate (comparison purposes only). Potlatch has a current annual dividend yield of 6.66%. [ATU-Seven Summits Research]
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