NuStar Energy LP (NS) 10/6/09 PriceWatch Alert Could Hit 5.77% Return
Posted: Tuesday, October 06, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
NuStar Energy LP (NYSE: NS) closed yesterday at $51.73. So far the stock has hit a 52-week low of $27.00 and 52-week high of $57.68. NuStar Energy stock has been showing support around 50.08 and resistance in the 52.80 range. Technical indicators for the stock are Bearish and S&P gives NS a positive 4 STAR (out of 5) buy rating. NS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 50 covered call (NS CJ) for a net debit in the $48.73 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 5.80% downside protection and a 2.61% assigned return rate for a 5.77% annualized return rate (comparison purposes only). NuStar Energy has a current annual dividend yield of 8.27%. [ATU-Seven Summits Research]
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