Eldorado Gold (EGO) stock prices Technical indicators

Eldorado Gold (EGO) stock prices Technical indicators : Eldorado Gold (NYSE:EGO) closed Tuesday's directionless trading session at $16.81. In the past year, the stock has hit a 52-week low of $13.34 and 52-week high of $22.12. Eldorado Gold (EGO) stock has been showing support around $16.42 and resistance in the $17.36 range.

Technical indicators for the stock are Bearish. For a hedged play on Eldorado Gold (EGO), look at the Jul '12 $15.00 covered call for a net debit in the $13.21 area. That is also the break-even stock price for this trade. This covered call has a duration of 234 days, provides 21.42% downside protection and an assigned return rate of 13.55% for an annualized return rate of 21.14% (for comparison purposes only).

A lower-cost hedged play for Eldorado Gold (EGO) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the Eldorado Gold (EGO) Jan '13 $10.00 call and selling the Jul '12 $15.00 call for a total debit of $4.25. The trade has a lifespan of 234 days and would provide 15.23% downside protection and an assigned return rate of 17.65% for an annualized return rate of 28% (for comparison purposes only). Eldorado Gold (EGO) has a current annual dividend yield of 0.38% . For the latest updates on the stock market, visit Stock Market Today

Eldorado Gold (EGO) stock prices forecast 2012, Eldorado Gold (EGO)outlook 2012, Eldorado Gold (EGO) Dividend Yield 2012, Eldorado Gold (EGO)shares predictions 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today

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