Pall (PLL) 11/12/09 PriceWatch Alert Targets 9.83% Return
Posted: Thursday, November 12, 2009 8:19 AM EDT
By: Market Intelligence Center Staff
Pall (NYSE: PLL) closed yesterday at $34.10. So far the stock has hit a 52-week low of $18.20 and 52-week high of $34.54. Pall stock has been showing support around 33.57 and resistance in the 34.79 range. Technical indicators for the stock are Bullish and S&P gives PLL a neutral 3 STAR (out of 5) hold rating. PLL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 30 covered call (PLL CF) for a net debit in the $29.00 area. That is also the break even stock price for this trade. This covered call has a 128 day duration, provides 14.96% downside protection and a 3.45% assigned return rate for a 9.83% annualized return rate (comparison purposes only). Pall has a current annual dividend yield of 1.70%. [THA-Seven Summits Research]
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