Pacific Gas and Electric (PCG) 11/13/09 PriceWatch Alert Support At Around $41.12
Posted: Friday, November 13, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
Pacific Gas and Electric (NYSE: PCG) closed yesterday at $41.60. So far the stock has hit a 52-week low of $33.61 and 52-week high of $43.21. Pacific Gas and Electric stock has been showing support around 41.12 and resistance in the 42.44 range. Technical indicators for the stock are Bullish and S&P gives PCG a neutral 3 STAR (out of 5) hold rating. PCG appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 40 covered call (PCG CH) for a net debit in the $38.95 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 6.37% downside protection and a 2.70% assigned return rate for a 7.75% annualized return rate (comparison purposes only). Pacific Gas and Electric has a current annual dividend yield of 3.96%. [FBB-Seven Summits Research]
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