The pressure at 26 is due to the price target drop by Deutsche bank analyst this morning shortly after open from 29 to 26.50. They still have it as hold though. If it weren't for that this would probably be just south of 27 right now. Search news for the downgrade...the permabulls on here think I was making it up which of course I wouldn't since I'm holding CALLS
If you look at the dividend yield for the company over the last three years 15% has been the median return.
$4.20 over $26 is 16.15%, It will trade there until the morons at the Fed have their say. If we get a rising rate environment $26 may look like a great sale price. My bet is they do nothing and it trades between 26 and 28 for a few months. I want to see the June numbers but if I owned the stock I would write calls.