Pall (PLL) PriceWatch Alert Could Hit 23.25% Return

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

Pall (NYSE: PLL) closed yesterday at $26.06. So far the stock has hit a 52-week low of $18.20 and 52-week high of $42.72. Pall stock has been showing support around 25.61 and resistance in the 26.71 range. Technical indicators for the stock are Neutral and S&P gives PLL a neutral 3 STAR (out of 5) hold rating. PLL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Sep '09 25 covered call (PLL IE) for a net debit in the $23.86 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 8.44% downside protection and a 4.78% assigned return rate for a 23.25% annualized return rate (comparison purposes only). Pall has a current annual dividend yield of 2.14%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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