Pall (PLL) PriceWatch Alert for November 19, 2009
Posted: Thursday, November 19, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
Pall (NYSE: PLL) closed yesterday at $33.59. So far the stock has hit a 52-week low of $18.20 and 52-week high of $35.23. Pall stock has been showing support around 32.40 and resistance in the 34.72 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 Jun '10 30 covered call (PLL FF) for a net debit in the $28.39 area. That is also the break even stock price for this trade. This covered call has a 212 day duration, provides 15.48% downside protection and a 5.67% assigned return rate for a 9.76% annualized return rate (comparison purposes only). Pall has a current annual dividend yield of 1.66%. [THA-Seven Summits Research]
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