Tidewater (TDW) 11/3/09 PriceWatch Alert At $38.57 Break Even
Posted: Tuesday, November 03, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Tidewater (NYSE: TDW) closed yesterday at $42.57. So far the stock has hit a 52-week low of $31.09 and 52-week high of $52.05. Tidewater stock has been showing support around 41.08 and resistance in the 43.66 range. Technical indicators for the stock are Bearish and S&P gives TDW a neutral 3 STAR (out of 5) hold rating. TDW appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 40 covered call (TDW AH) for a net debit in the $38.57 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 9.40% downside protection and a 3.71% assigned return rate for an 18.29% annualized return rate (comparison purposes only). Tidewater has a current annual dividend yield of 2.31%. [ATU-Seven Summits Research]
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