Plantronics (PLT) 2/9/10 PriceWatch Alert Shows Bullish Technicals
Posted: Tuesday, February 09, 2010 8:28 AM EDT
By: Market Intelligence Center Staff
Plantronics (NYSE: PLT) closed yesterday at $26.55. So far the stock has hit a 52-week low of $7.42 and 52-week high of $28.55. Plantronics stock has been showing support around 25.96 and resistance in the 27.36 range. Technical indicators for the stock are Bullish and S&P gives PLT a positive 4 STAR (out of 5) buy rating. PLT appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 25 covered call for a net debit in the $23.35 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 12.05% downside protection and a 7.07% assigned return rate for a 25.29% annualized return rate (comparison purposes only). Plantronics has a current annual dividend yield of 0.75%. [ATU-Seven Summits Research]
CLICK HERE: FREE Plantronics (PLT) Stock ReportSee what our analysts have uncovered about Plantronics (PLT).