Pitney Bowes (PBI) 10/21/09 PriceWatch Alert Support At Around $25.53
Posted: Wednesday, October 21, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Pitney Bowes (NYSE: PBI) closed yesterday at $25.95. So far the stock has hit a 52-week low of $17.62 and 52-week high of $27.46. Pitney Bowes stock has been showing support around 25.53 and resistance in the 26.19 range. Technical indicators for the stock are Bullish 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 an Apr '10 25 covered call (PBI DE) for a net debit in the $23.80 area. That is also the break even stock price for this trade. This covered call has a 178 day duration, provides 8.29% downside protection and a 5.04% assigned return rate for a 10.34% annualized return rate (comparison purposes only). Pitney Bowes has a current annual dividend yield of 5.68%. [WBA-Seven Summits Research]
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