Plains All American Pipeline (PAA) PriceWatch Alert for October 26, 2009
Posted: Monday, October 26, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
Plains All American Pipeline (NYSE: PAA) ended the last trading session at $50.27. So far the stock has hit a 52-week low of $24.50 and 52-week high of $51.19. Plains All American Pipeline stock has been showing support around 49.46 and resistance in the 51.60 range. Technical indicators for the stock are Bullish 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 Feb '10 50 covered call (PAA BJ) for a net debit in the $48.62 area. That is also the break even stock price for this trade. This covered call has an 117 day duration, provides 3.28% downside protection and a 2.84% assigned return rate for an 8.85% annualized return rate (comparison purposes only). Plains All American Pipeline has a current annual dividend yield of 7.26%. [ABR-Seven Summits Research]
CLICK HERE: FREE Plains All American Pipeline (PAA) Stock ReportSee what our analysts have uncovered about Plains All American Pipeline (PAA).