Air Products and Chemicals (APD) Near 52 Week High On Heavy Volume

Posted: Wednesday, November 18, 2009 8:25 AM EDT

Air Products and Chemicals (NYSE: APD) closed yesterday at $84.50. So far the stock has hit a 52-week low of $41.46 and 52-week high of $85.44. Air Products and Chemicals stock has been showing support around 83.17 and resistance in the 85.23 range. Technical indicators for the stock are Bullish and S&P gives APD a neutral 3 STAR (out of 5) hold rating. APD appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 80 covered call (APD AP) for a net debit in the $78.30 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 7.34% downside protection and a 2.17% assigned return rate for a 13.43% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.16%. [WBA-Seven Summits Research]

Click Symbol For More News On: (APD)