Nash Finch (NAFC) 12/1/09 PriceWatch Alert At $28.71 Break Even

Posted: Tuesday, December 01, 2009 8:42 AM EDT

Nash Finch (NasdaqNM: NAFC) closed yesterday at $32.81. 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 31.50 and resistance in the 33.54 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 May '10 30 covered call (NQW EF) for a net debit in the $28.71 area. That is also the break even stock price for this trade. This covered call has a 172 day duration, provides 12.50% downside protection and a 4.49% assigned return rate for a 9.54% annualized return rate (comparison purposes only). Nash Finch has a current annual dividend yield of 2.24%. [ATU-Seven Summits Research]

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