Public Storage (PSA) 2/9/10 PriceWatch Alert Up To 16.99% Return
Posted: Tuesday, February 09, 2010 8:37 AM EDT
By: Market Intelligence Center Staff
Public Storage (NYSE: PSA) closed yesterday at $76.02. So far the stock has hit a 52-week low of $45.35 and 52-week high of $85.10. Public Storage stock has been showing support around 74.43 and resistance in the 78.91 range. Technical indicators for the stock are Bearish and S&P gives PSA a neutral 3 STAR (out of 5) hold rating. PSA appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 75 covered call for a net debit in the $70.72 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 6.97% downside protection and a 6.05% assigned return rate for a 16.99% annualized return rate (comparison purposes only). Public Storage has a current annual dividend yield of 2.87%. [ATU-Seven Summits Research]
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