Pacific Gas and Electric (PCG) 11/18/09 PriceWatch Alert Technicals Showing Bullish
Posted: Wednesday, November 18, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
Pacific Gas and Electric (NYSE: PCG) closed yesterday at $42.23. 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 41.77 and resistance in the 42.93 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 Jun '10 40 covered call (PCG FH) for a net debit in the $38.73 area. That is also the break even stock price for this trade. This covered call has a 213 day duration, provides 8.29% downside protection and a 3.28% assigned return rate for a 5.62% annualized return rate (comparison purposes only). Pacific Gas and Electric has a current annual dividend yield of 4.01%. [WBA-Seven Summits Research]
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