Rochester, NY 7/16/2009 1:39:30 AM
PPG - PPG Industries (PPG) PriceWatch Alert Could Hit 17.47% Return
PPG Industries Inc., PPG
PPG Industries Inc., PPG
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PPG Industries ended the last trading session at $41.94. So far the stock has hit a 52-week low of $28.16 and 52-week high of $69.89. PPG Industries stock has been showing support around 40.76 and resistance in the 42.84 range. Technical indicators for the stock are Bearish and S&P gives PPG a very positive 5 STAR (out of 5) strong buy rating. PPG appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Nov '09 40 covered call (PPG KH) for a net debit in the $37.64 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 10.25% downside protection and a 6.27% assigned return rate for a 17.47% annualized return rate (comparison purposes only). PPG Industries has a current annual dividend yield of 5.07%.
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