Pitney Bowes (PBI) 10/26/09 PriceWatch Alert Bullish Price Movement
Posted: Monday, October 26, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
Pitney Bowes (NYSE: PBI) ended the last trading session at $25.87. 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 25.23 and resistance in the 26.73 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 $23.67 area. That is also the break even stock price for this trade. This covered call has a 173 day duration, provides 8.50% downside protection and a 5.62% assigned return rate for an 11.85% annualized return rate (comparison purposes only). Pitney Bowes has a current annual dividend yield of 5.60%. [ABR-Seven Summits Research]
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