Pall (PLL) 11/13/09 PriceWatch Alert Targets 14.73% Downside Protection
Posted: Friday, November 13, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
Pall (NYSE: PLL) closed yesterday at $33.94. 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 34.57 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 $28.94 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 14.73% downside protection and a 3.66% assigned return rate for a 10.53% annualized return rate (comparison purposes only). Pall has a current annual dividend yield of 1.71%. [FBB-Seven Summits Research]
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