Pall (PLL) Traded Higher Yesterday And Stock Showing Bullish Technicals
Posted: Wednesday, November 04, 2009 9:07 AM EDT
By: Market Intelligence Center Staff
Pall (NYSE: PLL) closed yesterday at $32.34. 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 31.27 and resistance in the 32.99 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 $28.34 area. That is also the break even stock price for this trade. This covered call has a 136 day duration, provides 12.37% downside protection and a 5.86% assigned return rate for a 15.72% annualized return rate (comparison purposes only). Pall has a current annual dividend yield of 1.83%. [WBA-Seven Summits Research]
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