Kinross Gold (KGC) 11/3/09 PriceWatch Alert Support Down To $17.22

Posted: Tuesday, November 03, 2009 8:41 AM EDT

Kinross Gold (NYSE: KGC) closed yesterday at $18.29. So far the stock has hit a 52-week low of $10.42 and 52-week high of $23.91. Kinross Gold stock has been showing support around 17.22 and resistance in the 19.54 range. Technical indicators for the stock are Bearish. KGC appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 16 covered call (KGC BP) for a net debit in the $15.09 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 17.50% downside protection and a 6.03% assigned return rate for a 20.19% annualized return rate (comparison purposes only). Kinross Gold has a current annual dividend yield of 0.54%. [ATU-Seven Summits Research]

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