May 13, 2013 (Marketintelligencecenter.com via COMTEX) -- Canadian Pacific Railway Ltd (NYSE:CP) closed Friday's trading session at $128.60. In the past year, the stock has hit a 52-week low of $68.69 and 52-week high of $132.66. Canadian Pacific Railway (CP) stock has been showing support around $126.55 and resistance in the $130.39 range. Technical indicators for the stock are Bullish and S&P gives Canadian Pacific Railway (CP) a neutral 3 STARS (out of 5) hold rating. For a hedged play on Canadian Pacific Railway (CP), look at the Sep '13 $125.00 covered call for a net debit in the $119.80 area. That is also the break-even stock price for this trade. This covered call has a duration of 131 days, provides 6.84% downside protection and an assigned return rate of 4.34% for an annualized return rate of 12.09% (for comparison purposes only). Canadian Pacific Railway (CP) has a current annual dividend yield of 1.04%.
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As of Thursday, 05-09-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
06-04-2012 for CP @ $70.13.
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