Pharmaceutical Product Development (PPDI) 2/9/10 PriceWatch Alert With Support Around $21.84
Posted: Tuesday, February 09, 2010 8:32 AM EDT
By: Market Intelligence Center Staff
Pharmaceutical Product Development (NASDAQ: PPDI) closed yesterday at $22.13. So far the stock has hit a 52-week low of $17.97 and 52-week high of $29.36. Pharmaceutical Product Development stock has been showing support around 21.84 and resistance in the 22.62 range. Technical indicators for the stock are Bearish and S&P gives PPDI a neutral 3 STAR (out of 5) hold rating. PPDI appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Jul '10 22.50 covered call for a net debit in the $20.53 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 7.23% downside protection and a 9.60% assigned return rate for a 22.17% annualized return rate (comparison purposes only). Pharmaceutical Product Development has a current annual dividend yield of 2.68%. [ATU-Seven Summits Research]
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