Plum Creek Timber (PCL) 11/3/09 PriceWatch Alert Bullish Price Movement
Posted: Tuesday, November 03, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Plum Creek Timber (NYSE: PCL) closed yesterday at $32.13. So far the stock has hit a 52-week low of $22.88 and 52-week high of $38.02. Plum Creek Timber stock has been showing support around 30.79 and resistance in the 33.05 range. Technical indicators for the stock are Bullish and S&P gives PCL a neutral 3 STAR (out of 5) hold rating. PCL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 30 covered call (PCL BF) for a net debit in the $28.83 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 10.27% downside protection and a 4.06% assigned return rate for a 13.59% annualized return rate (comparison purposes only). Plum Creek Timber has a current annual dividend yield of 5.26%. [ATU-Seven Summits Research]
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