National Fuel Gas (NFG) 11/25/09 PriceWatch Alert Could Hit 10.76% Return

Posted: Wednesday, November 25, 2009 8:43 AM EDT

National Fuel Gas (NYSE: NFG) closed yesterday at $47.68. So far the stock has hit a 52-week low of $26.67 and 52-week high of $50.20. National Fuel Gas stock has been showing support around 46.76 and resistance in the 48.24 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 an Apr '10 45 covered call (NFG DI) for a net debit in the $43.18 area. That is also the break even stock price for this trade. This covered call has a 143 day duration, provides 9.44% downside protection and a 4.21% assigned return rate for a 10.76% annualized return rate (comparison purposes only). National Fuel Gas has a current annual dividend yield of 2.85%. [WBA-Seven Summits Research]

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