Aluminum Corporation of China (ACH) PriceWatch Alert Shows Bullish Technicals

Aluminum Corporation of China (NYSE: ACH) closed yesterday at $25.15. So far the stock has hit a 52-week low of $7.22 and 52-week high of $36.10. Aluminum Corporation of China stock has been showing support around 24.09 and resistance in the 25.91 range. Technical indicators for the stock are Bullish and S&P gives ACH a neutral 3 STAR (out of 5) hold rating. ACH appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Nov '09 20 covered call (ACH KZ) for a net debit in the $18.15 area. That is also the break even stock price for this trade. This covered call has a 156 day duration, provides 27.83% downside protection and a 10.19% assigned return rate for a 23.85% annualized return rate (comparison purposes only). Aluminum Corporation of China has a current annual dividend yield of 0.59%. source：www.marketintelligencecenter.com