Plantronics (PLT) Fell Over 1.5% Yesterday And Stock Is Showing Bearish Technicals
Oct 28, 2009 (Fresh Brewed Media via COMTEX) --
Company: Plantronics, Inc. (PLT)
Plantronics (NYSE: PLT) closed yesterday at $24.87. 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 23.80 and resistance in the 26.26 range. Technical indicators for the stock are Bearish and S&P gives PLT a neutral 3 STAR (out of 5) hold 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 $20.87 area. That is also the break even stock price for this trade. This covered call has an 115 day duration, provides 16.08% downside protection and a 7.81% assigned return rate for a 24.79% annualized return rate (comparison purposes only). Plantronics has a current annual dividend yield of 0.79%.
WBA-Seven Summits Research Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
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Company: Plantronics, Inc. (PLT)
Related terms: nyse, research, S&P, trade, yield
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