Nash Finch (NAFC) 11/30/09 PriceWatch Alert Targets 16.78% Return

Posted: Monday, November 30, 2009 8:25 AM EDT

Nash Finch (NasdaqNM: NAFC) ended the last trading session at $32.11. 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 31.68 and resistance in the 32.90 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 $28.91 area. That is also the break even stock price for this trade. This covered call has an 82 day duration, provides 9.97% downside protection and a 3.77% assigned return rate for a 16.78% annualized return rate (comparison purposes only). Nash Finch has a current annual dividend yield of 2.16%. [ABR-Seven Summits Research]

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