Tsakos Energy Navigation (TNP) PriceWatch Alert Up To 12.72% Return
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Tsakos Energy Navigation (NYSE: TNP) closed yesterday at $16.50. So far the stock has hit a 52-week low of $12.21 and 52-week high of $37.24. Tsakos Energy Navigation stock has been showing support around 15.83 and resistance in the 16.91 range. Technical indicators for the stock are Bearish and S&P gives TNP a neutral 3 STAR (out of 5) hold rating. TNP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 15 covered call (KAF AC) for a net debit in the $14.05 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 14.85% downside protection and a 6.76% assigned return rate for a 12.72% annualized return rate (comparison purposes only). Tsakos Energy Navigation has a current annual dividend yield of 10.03%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Tsakos Energy Navigation (TNP) Stock ReportSee what our analysts have uncovered about Tsakos Energy Navigation (TNP).