Spectra Energy (SE) 2/9/10 PriceWatch Alert Bearish Price Movement
Posted: Tuesday, February 09, 2010 8:17 AM EDT
By: Market Intelligence Center Staff
Spectra Energy (NYSE: SE) closed yesterday at $20.76. So far the stock has hit a 52-week low of $11.21 and 52-week high of $23.06. Spectra Energy stock has been showing support around 20.48 and resistance in the 21.30 range. Technical indicators for the stock are Bearish and S&P gives SE a neutral 3 STAR (out of 5) hold rating. SE appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Sep '10 20 covered call for a net debit in the $19.01 area. That is also the break even stock price for this trade. This covered call has a 221 day duration, provides 8.43% downside protection and a 5.21% assigned return rate for an 8.60% annualized return rate (comparison purposes only). Spectra Energy has a current annual dividend yield of 4.78%. [ATU-Seven Summits Research]
CLICK HERE: FREE Spectra Energy (SE) Stock ReportSee what our analysts have uncovered about Spectra Energy (SE).