POSCO (PKX) 11/6/09 PriceWatch Alert Could Hit 27.38% Return
Posted: Friday, November 06, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
POSCO (NYSE: PKX) closed yesterday at $109.49. 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 105.58 and resistance in the 111.56 range. Technical indicators for the stock are Bullish 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 '10 105 covered call (PKX AA) for a net debit in the $99.69 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 8.95% downside protection and a 5.33% assigned return rate for a 27.38% annualized return rate (comparison purposes only). POSCO has a current annual dividend yield of 1.24%. [FBB-Seven Summits Research]
CLICK HERE: FREE POSCO (PKX) Stock ReportSee what our analysts have uncovered about POSCO (PKX).