Iron Mountain Survey

[Ace Trader]

ron Mountain (IRM) Could Fall Through $29.50 Support Level
1 days 11 hours 22 minutes ago - FreshBrewedMedia via Comtex
FreshBrewedMedia
Iron Mountain (NYSE:IRM) closed Friday's up-and-down trading session at $30.52. In the past year, the stock has hit a 52-week low of $19.93 and 52-week high of $35.79. Iron Mountain (IRM) stock has been showing support around $29.50 and resistance in the $31.48 range. Technical indicators for the stock are Bearish and S&P gives Iron Mountain (IRM) a neutral 3 STARS (out of 5) hold rating. For a hedged play on Iron Mountain (IRM), look at the Jan '12 $27.50 covered call for a net debit in the $26.32 area. That is also the break-even stock price for this trade. This covered call has a duration of 166 days, provides 13.76% downside protection and an assigned return rate of 4.48% for an annualized return rate of 9.86% (for comparison purposes only). Iron Mountain (IRM) has a current annual dividend yield of 3.20%.

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