PartnerRe Capital Trust I (PRE) 11/20/09 PriceWatch Alert Shows Neutral Technicals
Posted: Friday, November 20, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
PartnerRe Capital Trust I (NYSE: PRE) closed yesterday at $77.06. So far the stock has hit a 52-week low of $53.92 and 52-week high of $81.71. PartnerRe Capital Trust I stock has been showing support around 76.65 and resistance in the 77.57 range. Technical indicators for the stock are Neutral and S&P gives PRE a neutral 3 STAR (out of 5) hold rating. PRE appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Feb '10 75 covered call (PRE BO) for a net debit in the $72.66 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 5.71% downside protection and a 3.22% assigned return rate for a 12.78% annualized return rate (comparison purposes only). PartnerRe Capital Trust I has a current annual dividend yield of 2.42%. [FBB-Seven Summits Research]
CLICK HERE: FREE PartnerRe Capital Trust I (PRE) Stock ReportSee what our analysts have uncovered about PartnerRe Capital Trust I (PRE).