PartnerRe Capital Trust I (PRE) 11/6/09 PriceWatch Alert Support Down To $75.30

Posted: Friday, November 06, 2009 8:25 AM EDT

PartnerRe Capital Trust I (NYSE: PRE) closed yesterday at $76.44. So far the stock has hit a 52-week low of $53.92 and 52-week high of $81.71. PartnerRe Capital Trust I stock has been showing support around 75.30 and resistance in the 77.68 range. Technical indicators for the stock are Bearish and S&P gives PRE a neutral 3 STAR (out of 5) hold rating. PRE appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 75 covered call (PRE BO) for a net debit in the $72.34 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 5.36% downside protection and a 3.68% assigned return rate for a 12.66% annualized return rate (comparison purposes only). PartnerRe Capital Trust I has a current annual dividend yield of 2.44%. [FBB-Seven Summits Research]

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