Pall (PLL) 11/20/09 PriceWatch Alert With $28.55 Break Even
Posted: Friday, November 20, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Pall (NYSE: PLL) closed yesterday at $32.35. 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 30.99 and resistance in the 33.91 range. Technical indicators for the stock are Neutral 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 Mar '10 30 covered call (PLL CF) for a net debit in the $28.55 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 11.75% downside protection and a 5.08% assigned return rate for a 15.45% annualized return rate (comparison purposes only). Pall has a current annual dividend yield of 1.68%. [FBB-Seven Summits Research]
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