Tidewater (TDW) 11/6/09 PriceWatch Alert With Support Around $42.61

Posted: Friday, November 06, 2009 8:39 AM EDT

Tidewater (NYSE: TDW) closed yesterday at $44.50. So far the stock has hit a 52-week low of $31.09 and 52-week high of $52.05. Tidewater stock has been showing support around 42.61 and resistance in the 45.45 range. Technical indicators for the stock are Bearish and S&P gives TDW a neutral 3 STAR (out of 5) hold rating. TDW appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 40 covered call (TDW AH) for a net debit in the $39.10 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 12.13% downside protection and a 2.30% assigned return rate for an 11.83% annualized return rate (comparison purposes only). Tidewater has a current annual dividend yield of 2.30%. [FBB-Seven Summits Research]

Click Symbol For More News On: (TDW)