Sempra Energy (SRE) PriceWatch Alert for November 25, 2009

Posted: Wednesday, November 25, 2009 8:26 AM EDT

Sempra Energy (NYSE: SRE) closed yesterday at $53.47. So far the stock has hit a 52-week low of $36.43 and 52-week high of $53.75. Sempra Energy stock has been showing support around 52.22 and resistance in the 54.12 range. Technical indicators for the stock are Bullish and S&P gives SRE a very positive 5 STAR (out of 5) strong buy rating. SRE appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 55 covered call (SRE DK) for a net debit in the $51.67 area. That is also the break even stock price for this trade. This covered call has a 143 day duration, provides 3.37% downside protection and a 6.44% assigned return rate for a 16.45% annualized return rate (comparison purposes only). Sempra Energy has a current annual dividend yield of 3.00%. [WBA-Seven Summits Research]

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