Pall (PLL) 3/12/10 PriceWatch Alert Technicals Showing Bullish
Posted: Friday, March 12, 2010 8:25 AM EDT
By: Market Intelligence Center Staff
Pall (NYSE: PLL) closed yesterday at $40.84. So far the stock has hit a 52-week low of $18.20 and 52-week high of $41.82. Pall stock has been showing support around 39.91 and resistance in the 41.47 range. Technical indicators for the stock are Bullish and S&P gives PLL a positive 4 STAR (out of 5) buy rating. PLL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 40 covered call for a net debit in the $38.14 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 6.61% downside protection and a 4.88% assigned return rate for a 17.98% annualized return rate (comparison purposes only). Pall has a current annual dividend yield of 1.56%. [FBB-Seven Summits Research]
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