National Fuel Gas (NFG) Could Break Technical Resistance At 48.80 Today

Posted: Monday, November 09, 2009 9:07 AM EDT

National Fuel Gas (NYSE: NFG) ended the last trading session at $46.67. So far the stock has hit a 52-week low of $26.67 and 52-week high of $49.72. National Fuel Gas stock has been showing support around 44.86 and resistance in the 48.80 range. Technical indicators for the stock are Bullish and S&P gives NFG a neutral 3 STAR (out of 5) hold rating. NFG appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (NFG AI) for a net debit in the $43.67 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 6.43% downside protection and a 3.05% assigned return rate for a 16.35% annualized return rate (comparison purposes only). National Fuel Gas has a current annual dividend yield of 2.90%. [ABR-Seven Summits Research]

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