POSCO (PKX) 2/9/10 PriceWatch Alert Could Hit 29.79% Return
Posted: Tuesday, February 09, 2010 8:40 AM EDT
By: Market Intelligence Center Staff
POSCO (NYSE: PKX) closed yesterday at $108.23. So far the stock has hit a 52-week low of $47.09 and 52-week high of $140.34. POSCO stock has been showing support around 106.49 and resistance in the 111.71 range. Technical indicators for the stock are Bearish and S&P gives PKX a positive 4 STAR (out of 5) buy rating. PKX appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a May '10 105 covered call for a net debit in the $96.93 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 10.44% downside protection and an 8.33% assigned return rate for a 29.79% annualized return rate (comparison purposes only). POSCO has a current annual dividend yield of 0.23%. [ATU-Seven Summits Research]
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