AES (AES) 11/5/09 PriceWatch Alert Support At Around $12.90

Posted: Thursday, November 05, 2009 8:05 AM EDT

AES (NYSE: AES) closed yesterday at $13.30. So far the stock has hit a 52-week low of $4.80 and 52-week high of $15.44. AES stock has been showing support around 12.90 and resistance in the 13.98 range. Technical indicators for the stock are Bearish and S&P gives AES a positive 4 STAR (out of 5) buy rating. AES appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a May '10 12.50 covered call (AES EV) for a net debit in the $11.25 area. That is also the break even stock price for this trade. This covered call has a 198 day duration, provides 15.41% downside protection and an 11.11% assigned return rate for a 20.48% annualized return rate (comparison purposes only). AES does not pay dividends at this time. [THA-Seven Summits Research]

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