Total (TOT) 10/9/09 PriceWatch Alert Bullish Price Movement

Posted: Friday, October 09, 2009 8:10 AM EDT

Total (NYSE: TOT) closed yesterday at $59.19. So far the stock has hit a 52-week low of $42.60 and 52-week high of $62.43. Total stock has been showing support around 58.24 and resistance in the 60.02 range. Technical indicators for the stock are Bullish and S&P gives TOT a very positive 5 STAR (out of 5) strong buy rating. TOT appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 60 covered call (TOT BL) for a net debit in the $55.99 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 5.41% downside protection and a 7.16% assigned return rate for a 19.51% annualized return rate (comparison purposes only). Total has a current annual dividend yield of 4.32%. [FBB-Seven Summits Research]

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