Questar (STR) 2/9/10 PriceWatch Alert With 5.53% Downside Protection
Posted: Tuesday, February 09, 2010 8:47 AM EDT
By: Market Intelligence Center Staff
Questar (NYSE: STR) closed yesterday at $39.80. So far the stock has hit a 52-week low of $24.85 and 52-week high of $46.19. Questar stock has been showing support around 39.18 and resistance in the 40.94 range. Technical indicators for the stock are Bearish and S&P gives STR a neutral 3 STAR (out of 5) hold rating. STR appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 40 covered call for a net debit in the $37.60 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 5.53% downside protection and a 6.38% assigned return rate for a 34.77% annualized return rate (comparison purposes only). Questar has a current annual dividend yield of 1.28%. [ATU-Seven Summits Research]
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