Potash (POT) PriceWatch Alert Shows Bearish Technicals
Posted: Wednesday, June 24, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Potash (NYSE: POT) closed yesterday at $92.08. So far the stock has hit a 52-week low of $47.54 and 52-week high of $235.50. Potash stock has been showing support around 85.20 and resistance in the 96.22 range. Technical indicators for the stock are Bearish and S&P gives POT a weak 2 STAR (out of 5) sell rating. POT appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at an Aug '09 90 covered call (PYP HR) for a net debit in the $81.28 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 11.73% downside protection and a 10.73% assigned return rate for a 66.37% annualized return rate (comparison purposes only). Potash has a current annual dividend yield of 0.43%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Potash (POT) Stock ReportSee what our analysts have uncovered about Potash (POT).