DTE Energy (DTE) Slightly Higher On Heavy Volume

Posted: Wednesday, November 25, 2009 9:09 AM EDT

DTE Energy (NYSE: DTE) closed yesterday at $40.27. So far the stock has hit a 52-week low of $23.32 and 52-week high of $40.70. DTE Energy stock has been showing support around 39.76 and resistance in the 40.66 range. Technical indicators for the stock are Bullish and S&P gives DTE a neutral 3 STAR (out of 5) hold rating. DTE appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 40 covered call (DTE DH) for a net debit in the $38.42 area. That is also the break even stock price for this trade. This covered call has a 143 day duration, provides 4.59% downside protection and a 4.11% assigned return rate for a 10.50% annualized return rate (comparison purposes only). DTE Energy has a current annual dividend yield of 5.34%. [WBA-Seven Summits Research]

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