01 AUGUST 2012MarketIntelligenceCenter.com
Aluminum Corporation of China showing Bearish indications
Edited by : AL CIRCLE
1 min read
Aluminum Corporation of China (NYSE:ACH) closed Friday's favorable trading session at $10.24. In the past year, the stock has hit a 52-week low of $9.59 and 52-week high of $21.71. Aluminum Corporation of China (ACH) stock has been showing support around $9.83 and resistance in the $10.45 range. Technical indicators for the stock are Bearish. For a hedged play on Aluminum Corporation of China (ACH), look at the Feb '13 $10.00 covered call for a net debit in the $9.04 area. That is also the break-even stock price for this trade. This covered call has a duration of 201 days, provides 11.72% downside protection and an assigned return rate of 10.62% for an annualized return rate of 19.28% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current trailing average dividend yield of 0%.
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