POSCO (PKX) Gets Very Positive 5 STARs S&P Rating And Appears On Investors Observer Volume Leaders List

Posted: Wednesday, November 04, 2009 9:08 AM EDT

POSCO (NYSE: PKX) closed yesterday at $104.62. So far the stock has hit a 52-week low of $42.35 and 52-week high of $118.41. POSCO stock has been showing support around 102.36 and resistance in the 106.30 range. Technical indicators for the stock are Neutral and S&P gives PKX a very positive 5 STAR (out of 5) strong buy rating. PKX appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 100 covered call (PKX AT) for a net debit in the $94.92 area. That is also the break even stock price for this trade. This covered call has a 73 day duration, provides 9.27% downside protection and a 5.35% assigned return rate for a 26.76% annualized return rate (comparison purposes only). POSCO has a current annual dividend yield of 1.27%. [WBA-Seven Summits Research]

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