TCF Financial (TCB) 10/19/09 PriceWatch Alert Bullish Price Movement
Posted: Monday, October 19, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
TCF Financial (NYSE: TCB) ended the last trading session at $14.28. So far the stock has hit a 52-week low of $8.74 and 52-week high of $19.24. TCF Financial stock has been showing support around 13.89 and resistance in the 14.51 range. Technical indicators for the stock are Bullish and S&P gives TCB a very positive 5 STAR (out of 5) strong buy rating. TCB appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 12.50 covered call (TCB DV) for a net debit in the $11.63 area. That is also the break even stock price for this trade. This covered call has an 180 day duration, provides 18.56% downside protection and a 7.48% assigned return rate for a 15.17% annualized return rate (comparison purposes only). TCF Financial has a current annual dividend yield of 1.39%. [ABR-Seven Summits Research]
CLICK HERE: FREE TCF Financial (TCB) Stock ReportSee what our analysts have uncovered about TCF Financial (TCB).