Plains All American Pipeline (PAA) 10/2/09 PriceWatch Alert Could Hit 17.44% Return
Posted: Friday, October 02, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
Plains All American Pipeline (NYSE: PAA) closed yesterday at $45.75. So far the stock has hit a 52-week low of $23.25 and 52-week high of $50.33. Plains All American Pipeline stock has been showing support around 45.30 and resistance in the 46.64 range. Technical indicators for the stock are Bearish and S&P gives PAA a positive 4 STAR (out of 5) buy rating. PAA appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Nov '09 45 covered call (PAA KI) for a net debit in the $43.95 area. That is also the break even stock price for this trade. This covered call has a 50 day duration, provides 3.93% downside protection and a 2.39% assigned return rate for a 17.44% annualized return rate (comparison purposes only). Plains All American Pipeline has a current annual dividend yield of 7.69%. [FBB-Seven Summits Research]
CLICK HERE: FREE Plains All American Pipeline (PAA) Stock ReportSee what our analysts have uncovered about Plains All American Pipeline (PAA).