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Aluminum Corporation of China (ACH) Trading Near $19.38 Support Level
Edited by : AL CIRCLE
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Aluminum Corporation of China (NYSE:ACH) closed Thursday's unsure trading session at $19.68. In the past year, the stock has hit a 52-week low of $18.97 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $19.38 and resistance in the $20.24 range. Technical indicators for the stock are Bearish. For a hedged play on Aluminum Corporation of China (ACH), look at the Jan '12 $19.00 covered call for a net debit in the $17.53 area. That is also the break-even stock price for this trade. This covered call has a duration of 190 days, provides 10.92% downside protection and an assigned return rate of 8.39% for an annualized return rate of 16.11% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield of 0.18%.
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