Aluminum Corporation of China (ACH) Showing Support Near $16.85 With 0.19% Dividend Yield

Date:2011-08-18lile  Text Size:

Aluminum Corporation of China (NYSE:ACH) closed Thursday's positive trading session at $18.14. In the past year, the stock has hit a 52-week low of $17.00 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $16.85 and resistance in the $18.87 range. Technical indicators for the stock are Bearish. For a hedged play on Aluminum Corporation of China (ACH), look at the Jan '12 $17.50 covered call for a net debit in the $16.09 area. That is also the break-even stock price for this trade. This covered call has a duration of 162 days, provides 11.30% downside protection and an assigned return rate of 8.76% for an annualized return rate of 19.74% (for comparison purposes only). Aluminum Corporation of China (ACH) has a current annual dividend yield of 0.19%. [FBB-Seven Summits Research] 

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