Nash Finch (NAFC) 11/27/09 PriceWatch Alert Technicals Showing Bullish

Posted: Thursday, November 26, 2009 8:31 AM EDT

Nash Finch (NasdaqNM: NAFC) closed yesterday at $32.84. So far the stock has hit a 52-week low of $24.94 and 52-week high of $46.93. Nash Finch stock has been showing support around 32.39 and resistance in the 33.73 range. Technical indicators for the stock are Bullish and S&P gives NAFC a neutral 3 STAR (out of 5) hold rating. NAFC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 30 covered call (NQW BF) for a net debit in the $29.14 area. That is also the break even stock price for this trade. This covered call has an 85 day duration, provides 11.27% downside protection and a 2.95% assigned return rate for a 12.67% annualized return rate (comparison purposes only). Nash Finch has a current annual dividend yield of 2.18%. [FBB-Seven Summits Research]

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