Telefonos de Mexico (TMX) 11/11/09 PriceWatch Alert Bullish Price Movement
Posted: Wednesday, November 11, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
Telefonos de Mexico (NYSE: TMX) closed yesterday at $17.86. So far the stock has hit a 52-week low of $12.54 and 52-week high of $22.84. Telefonos de Mexico stock has been showing support around 17.51 and resistance in the 18.15 range. Technical indicators for the stock are Bullish and S&P gives TMX a neutral 3 STAR (out of 5) hold rating. TMX appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 17.50 covered call (TMX BW) for a net debit in the $16.61 area. That is also the break even stock price for this trade. This covered call has a 101 day duration, provides 7.00% downside protection and a 5.36% assigned return rate for a 19.36% annualized return rate (comparison purposes only). Telefonos de Mexico has a current annual dividend yield of 3.47%. [WBA-Seven Summits Research]
CLICK HERE: FREE Telefonos de Mexico (TMX) Stock ReportSee what our analysts have uncovered about Telefonos de Mexico (TMX).