PartnerRe Capital Trust I (PRE) 2/9/10 PriceWatch Alert Support At Around $71.93
Posted: Tuesday, February 09, 2010 8:37 AM EDT
By: Market Intelligence Center Staff
PartnerRe Capital Trust I (NYSE: PRE) closed yesterday at $73.04. So far the stock has hit a 52-week low of $53.92 and 52-week high of $81.71. PartnerRe Capital Trust I stock has been showing support around 71.93 and resistance in the 74.21 range. Technical indicators for the stock are Bearish and S&P gives PRE a neutral 3 STAR (out of 5) hold rating. PRE appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 70 covered call for a net debit in the $68.14 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 6.71% downside protection and a 2.73% assigned return rate for a 9.77% annualized return rate (comparison purposes only). PartnerRe Capital Trust I has a current annual dividend yield of 2.57%. [ATU-Seven Summits Research]
CLICK HERE: FREE PartnerRe Capital Trust I (PRE) Stock ReportSee what our analysts have uncovered about PartnerRe Capital Trust I (PRE).