World Fuel Services (INT) 2/9/10 PriceWatch Alert Shows Bearish Technicals
Posted: Tuesday, February 09, 2010 8:40 AM EDT
By: Market Intelligence Center Staff
World Fuel Services (NYSE: INT) closed yesterday at $23.10. So far the stock has hit a 52-week low of $12.61 and 52-week high of $28.56. World Fuel Services stock has been showing support around 22.70 and resistance in the 23.56 range. Technical indicators for the stock are Bearish and S&P gives INT a positive 4 STAR (out of 5) buy rating. INT appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 20 covered call for a net debit in the $19.00 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 17.75% downside protection and a 5.26% assigned return rate for an 18.83% annualized return rate (comparison purposes only). World Fuel Services has a current annual dividend yield of 0.66%. [ATU-Seven Summits Research]
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