Pall (PLL) 11/3/09 PriceWatch Alert Support At Around $30.79

Posted: Tuesday, November 03, 2009 8:36 AM EDT

Pall (NYSE: PLL) closed yesterday at $31.83. So far the stock has hit a 52-week low of $18.20 and 52-week high of $34.54. Pall stock has been showing support around 30.79 and resistance in the 33.11 range. Technical indicators for the stock are Bullish and S&P gives PLL a neutral 3 STAR (out of 5) hold rating. PLL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 30 covered call (PLL CF) for a net debit in the $28.13 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 11.62% downside protection and a 6.65% assigned return rate for a 17.71% annualized return rate (comparison purposes only). Pall has a current annual dividend yield of 1.71%. [ATU-Seven Summits Research]

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