Sunoco Logistics Partners LP (SXL) 10/15/09 PriceWatch Alert Down To $58.61 Break Even
Posted: Thursday, October 15, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
Sunoco Logistics Partners LP (NYSE: SXL) closed yesterday at $60.56. So far the stock has hit a 52-week low of $30.00 and 52-week high of $61.97. Sunoco Logistics stock has been showing support around 59.43 and resistance in the 62.53 range. Technical indicators for the stock are Bullish and S&P gives SXL a positive 4 STAR (out of 5) buy rating. SXL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 60 covered call (SXL BL) for a net debit in the $58.61 area. That is also the break even stock price for this trade. This covered call has a 128 day duration, provides 3.22% downside protection and a 2.37% assigned return rate for a 6.76% annualized return rate (comparison purposes only). Sunoco Logistics has a current annual dividend yield of 6.89%. [THA-Seven Summits Research]
CLICK HERE: FREE Sunoco Logistics (SXL) Stock ReportSee what our analysts have uncovered about Sunoco Logistics (SXL).