Chunghwa Telecom (CHT) 11/3/09 PriceWatch Alert With Support Around $16.99

Posted: Tuesday, November 03, 2009 8:37 AM EDT

Chunghwa Telecom (NYSE: CHT) closed yesterday at $17.42. So far the stock has hit a 52-week low of $14.37 and 52-week high of $20.09. Chunghwa Telecom stock has been showing support around 16.99 and resistance in the 17.89 range. Technical indicators for the stock are Bearish. CHT appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jun '10 17.50 covered call (CHT FW) for a net debit in the $16.42 area. That is also the break even stock price for this trade. This covered call has a 228 day duration, provides 5.74% downside protection and a 6.58% assigned return rate for a 10.53% annualized return rate (comparison purposes only). Chunghwa Telecom has a current annual dividend yield of 5.09%. [ATU-Seven Summits Research]

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