PPL (PPL) 11/17/09 PriceWatch Alert Shows Bullish Technicals

Posted: Tuesday, November 17, 2009 8:37 AM EDT

PPL (NYSE: PPL) closed yesterday at $30.76. So far the stock has hit a 52-week low of $24.25 and 52-week high of $34.42. PPL stock has been showing support around 30.12 and resistance in the 31.14 range. Technical indicators for the stock are Bullish and S&P gives PPL a neutral 3 STAR (out of 5) hold rating. PPL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 30 covered call (PPL DF) for a net debit in the $28.81 area. That is also the break even stock price for this trade. This covered call has a 151 day duration, provides 6.34% downside protection and a 4.13% assigned return rate for a 9.98% annualized return rate (comparison purposes only). PPL has a current annual dividend yield of 4.59%. [ATU-Seven Summits Research]

Click Symbol For More News On: (PPL)