EQT Corporation (EQT) 11/19/09 PriceWatch Alert Shows Bearish Technicals

Posted: Thursday, November 19, 2009 8:35 AM EDT

EQT Corporation (NYSE: EQT) closed yesterday at $41.73. So far the stock has hit a 52-week low of $24.73 and 52-week high of $46.80. EQT Corporation stock has been showing support around 40.92 and resistance in the 43.12 range. Technical indicators for the stock are Bearish and S&P gives EQT a neutral 3 STAR (out of 5) hold rating. EQT appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 40 covered call (EQT AH) for a net debit in the $38.63 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 7.43% downside protection and a 3.55% assigned return rate for a 22.32% annualized return rate (comparison purposes only). EQT Corporation has a current annual dividend yield of 2.03%. [THA-Seven Summits Research]

Click Symbol For More News On: (EQT)