Pitney Bowes (PBI) PriceWatch Alert Support Down To $20.33
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Pitney Bowes (NYSE: PBI) closed yesterday at $21.03. So far the stock has hit a 52-week low of $17.62 and 52-week high of $37.95. Pitney Bowes stock has been showing support around 20.33 and resistance in the 22.43 range. Technical indicators for the stock are Bearish and S&P gives PBI a positive 4 STAR (out of 5) buy rating. PBI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 20 covered call (PBI AD) for a net debit in the $18.83 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 10.46% downside protection and a 6.21% assigned return rate for an 11.69% annualized return rate (comparison purposes only). Pitney Bowes has a current annual dividend yield of 6.52%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Pitney Bowes (PBI) Stock ReportSee what our analysts have uncovered about Pitney Bowes (PBI).