Companhia Siderugica Hacional (SID) 11/3/09 PriceWatch Alert Could Hit 20.05% Return
Posted: Tuesday, November 03, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
Companhia Siderugica Hacional (NYSE: SID) closed yesterday at $33.30. So far the stock has hit a 52-week low of $7.87 and 52-week high of $38.14. Companhia Siderugica Hacional stock has been showing support around 31.21 and resistance in the 35.39 range. Technical indicators for the stock are Bullish. SID appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 30 covered call (SID CF) for a net debit in the $27.90 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 16.22% downside protection and a 7.53% assigned return rate for a 20.05% annualized return rate (comparison purposes only). Companhia Siderugica Hacional has a current annual dividend yield of 1.60%. [ATU-Seven Summits Research]
CLICK HERE: FREE Companhia Siderugica Nacional (SID) Stock ReportSee what our analysts have uncovered about Companhia Siderugica Nacional (SID).