Nash Finch (NAFC) 11/9/09 PriceWatch Alert At $24.05 Break Even

Posted: Monday, November 09, 2009 8:20 AM EDT

Nash Finch (NasdaqNM: NAFC) ended the last trading session at $29.05. So far the stock has hit a 52-week low of $24.94 and 52-week high of $46.93. Nash Finch stock has been showing support around 28.36 and resistance in the 29.82 range. Technical indicators for the stock are Bullish and S&P gives NAFC a neutral 3 STAR (out of 5) hold rating. NAFC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 25 covered call (NQW EE) for a net debit in the $24.05 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 17.21% downside protection and a 3.95% assigned return rate for a 7.43% annualized return rate (comparison purposes only). Nash Finch has a current annual dividend yield of 2.49%. [ABR-Seven Summits Research]

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