Perini (PCR) PriceWatch Alert Targets 19.39% Return

Posted on Monday, September 08, 2008 8:07 AM

Perini (NYSE: PCR) ended the last trading session at $26.19. So far the stock has hit a 52-week low of $23.54 and 52-week high of $66.75. Perini stock has been showing support around 22.92 and resistance in the 28.64 range. Technical indicators for the stock are Bearish. PCR appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at an Apr '09 20 covered call (PCR DD) for a net debit in the $17.89 area. That is also the break even stock price for this trade. This covered call has a 222 day duration, provides 31.69% downside protection and an 11.79% assigned return rate for a 19.39% annualized return rate (comparison purposes only). Perini does not pay dividends at this time. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]