Enterprise GP Holdings LP (EPE) PriceWatch Alert Up To 13.44% Return

Posted: Monday, March 23, 2009 8:07 AM EDT

Enterprise GP Holdings LP (NYSE: EPE) closed yesterday at $21.94. So far the stock has hit a 52-week low of $14.50 and 52-week high of $33.76. Enterprise GP stock has been showing support around 21.16 and resistance in the 23.34 range. Technical indicators for the stock are Bullish and S&P gives EPE a neutral 3 STAR (out of 5) hold rating. EPE appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Aug '09 20 covered call (EPE HD) for a net debit in the $18.94 area. That is also the break even stock price for this trade. This covered call has a 152 day duration, provides 13.67% downside protection and a 5.60% assigned return rate for a 13.44% annualized return rate (comparison purposes only). Enterprise GP has a current annual dividend yield of 8.32%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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