National Fuel Gas (NFG) PriceWatch Alert Shows Bullish Technicals
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
National Fuel Gas (NYSE: NFG) closed yesterday at $35.15. So far the stock has hit a 52-week low of $26.67 and 52-week high of $58.85. National Fuel Gas stock has been showing support around 34.30 and resistance in the 36.54 range. Technical indicators for the stock are Bullish and S&P gives NFG a positive 4 STAR (out of 5) buy rating. NFG appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Oct '09 35 covered call (NFG JG) for a net debit in the $32.70 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 6.97% downside protection and a 7.03% assigned return rate for a 24.93% annualized return rate (comparison purposes only). National Fuel Gas has a current annual dividend yield of 3.72%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE National Fuel Gas (NFG) Stock ReportSee what our analysts have uncovered about National Fuel Gas (NFG).