Tidewater (TDW) PriceWatch Alert Support Down To $40.92

Posted: Monday, July 06, 2009 8:07 AM EDT

Tidewater (NYSE: TDW) closed yesterday at $41.76. So far the stock has hit a 52-week low of $31.09 and 52-week high of $64.32. Tidewater stock has been showing support around 40.92 and resistance in the 42.94 range. Technical indicators for the stock are Bearish and S&P gives TDW a neutral 3 STAR (out of 5) hold rating. TDW appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Oct '09 40 covered call (TDW JH) for a net debit in the $36.96 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 11.49% downside protection and an 8.23% assigned return rate for a 29.15% annualized return rate (comparison purposes only). Tidewater has a current annual dividend yield of 2.29%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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