Palm (PALM) 10/26/09 PriceWatch Alert Support At Around $14.19

Posted: Monday, October 26, 2009 8:36 AM EDT
By: Market Intelligence Center Staff





Palm (NasdaqNM: PALM) ended the last trading session at $14.92. So far the stock has hit a 52-week low of $1.14 and 52-week high of $18.09. Palm stock has been showing support around 14.19 and resistance in the 16.31 range. Technical indicators for the stock are Bearish and S&P gives PALM a very weak 1 STAR (out of 5) strong sell rating. PALM appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a May '10 11 covered call (UPY EK) for a net debit in the $9.82 area. That is also the break even stock price for this trade. This covered call has a 208 day duration, provides 34.18% downside protection and a 12.02% assigned return rate for a 21.09% annualized return rate (comparison purposes only). Palm does not pay dividends at this time. [ABR-Seven Summits Research]



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Palm (PALM) NewsBite - PALM Gets Upgrade From BMO

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http://www.marketintelligencecenter.com/newsbites/1075049


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