Plantronics (PLT) 11/20/09 PriceWatch Alert Down To $21.39 Break Even
Posted: Friday, November 20, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Plantronics (NYSE: PLT) closed yesterday at $25.29. So far the stock has hit a 52-week low of $7.42 and 52-week high of $28.55. Plantronics stock has been showing support around 24.34 and resistance in the 26.88 range. Technical indicators for the stock are Neutral and S&P gives PLT a positive 4 STAR (out of 5) buy rating. PLT appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 22.50 covered call (PLT BX) for a net debit in the $21.39 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 15.42% downside protection and a 5.19% assigned return rate for a 20.59% annualized return rate (comparison purposes only). Plantronics has a current annual dividend yield of 0.73%. [FBB-Seven Summits Research]
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