Market Intelligence Center
Aluminum Corporation of China (ACH) Showing Support Near $12.18 With 0.25% Dividend Yield
Edited by : AL CIRCLE
1 min read
Aluminum Corporation of China closed Wednesday's unfavorable trading session at $12.64. In the past year, the stock has hit a 52-week low of $12.64 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $12.18 and resistance in the $13.56 range. Technical indicators for the stock are Bearish. For a hedged play on Aluminum Corporation of China (ACH), look at the May '12 $11.00 covered call for a net debit in the $9.84 area. That is also the break-even stock price for this trade. This covered call has a duration of 240 days, provides 22.15% downside protection and an assigned return rate of 11.79% for an annualized return rate of 17.93% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield of 0.25%.
Previous article
SMM Daily Review - 2011/9/22 Aluminum Market
Next articleEast China Aluminum: Spot Price Plunges, Downstream Stock Building Seen
Grow with
AL Circle
