EQT Corporation (EQT) PriceWatch Alert for November 23, 2009

Posted: Monday, November 23, 2009 8:28 AM EDT

EQT Corporation (NYSE: EQT) closed yesterday at $40.54. So far the stock has hit a 52-week low of $24.84 and 52-week high of $46.80. EQT Corporation stock has been showing support around 39.68 and resistance in the 41.22 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 $38.39 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 5.30% downside protection and a 4.19% assigned return rate for a 28.35% annualized return rate (comparison purposes only). EQT Corporation has a current annual dividend yield of 2.11%. [ABR-Seven Summits Research]

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