EQT Corporation (EQT) 11/24/09 PriceWatch Alert Targets 24.24% Return

Posted: Tuesday, November 24, 2009 8:42 AM EDT

EQT Corporation (NYSE: EQT) closed yesterday at $40.99. So far the stock has hit a 52-week low of $26.09 and 52-week high of $46.80. EQT Corporation stock has been showing support around 40.07 and resistance in the 42.31 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 $38.64 area. That is also the break even stock price for this trade. This covered call has a 53 day duration, provides 5.73% downside protection and a 3.52% assigned return rate for a 24.24% annualized return rate (comparison purposes only). EQT Corporation has a current annual dividend yield of 2.16%. [ATU-Seven Summits Research]

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