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Potential Aluminum Corporation of China (ACH) Trade Has $10.94 Breakeven
Edited by : AL CIRCLE
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Aluminum Corporation of China (NYSE:ACH) closed Friday's unfavorable trading session at $14.64. In the past year, the stock has hit a 52-week low of $10.39 and 52-week high of $25.88. Aluminum Corporation of China (ACH) stock has been showing support around $14.05 and resistance in the $14.95 range. Technical indicators for the stock are Bullish. For a hedged play on Aluminum Corporation of China (ACH), look at the May '12 $12.00 covered call for a net debit in the $10.94 area. That is also the break-even stock price for this trade. This covered call has a duration of 194 days, provides 25.27% downside protection and an assigned return rate of 9.69% for an annualized return rate of 18.23% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield of 0.25%.
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