Pitney Bowes (PBI) PriceWatch Alert for October 27, 2009
Posted: Tuesday, October 27, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
Pitney Bowes (NYSE: PBI) closed yesterday at $25.03. 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 24.30 and resistance in the 25.68 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 a Dec '09 25 covered call (PBI LE) for a net debit in the $24.13 area. That is also the break even stock price for this trade. This covered call has a 53 day duration, provides 3.60% downside protection and a 3.61% assigned return rate for a 24.83% annualized return rate (comparison purposes only). Pitney Bowes has a current annual dividend yield of 5.46%. [ATU-Seven Summits Research]
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