Aluminum Corporation of China (ACH) PriceWatch Alert Up To 22.53% Return

Posted on Friday, August 29, 2008 8:07 AM

Aluminum Corporation of China (NYSE: ACH) closed yesterday at $23.04. So far the stock has hit a 52-week low of $19.60 and 52-week high of $90.95. Aluminum Corporation of China stock has been showing support around 22.31 and resistance in the 23.51 range. Technical indicators for the stock are Bearish and S&P gives ACH a neutral 3 STAR (out of 5) hold rating. ACH appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '09 20 covered call (ACH BZ) for a net debit in the $18.04 area. That is also the break even stock price for this trade. This covered call has a 176 day duration, provides 21.70% downside protection and a 10.86% assigned return rate for a 22.53% annualized return rate (comparison purposes only). Aluminum Corporation of China has a current annual dividend yield of 1.73%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]