Pall (PLL) 11/16/09 PriceWatch Alert Targets 15.39% Downside Protection
Posted: Monday, November 16, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Pall (NYSE: PLL) ended the last trading session at $34.44. So far the stock has hit a 52-week low of $18.20 and 52-week high of $34.82. Pall stock has been showing support around 33.43 and resistance in the 35.33 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 $29.14 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 15.39% downside protection and a 2.95% assigned return rate for an 8.69% annualized return rate (comparison purposes only). Pall has a current annual dividend yield of 1.70%. [ABR-Seven Summits Research]
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