Sunoco Logistics Partners LP (SXL) PriceWatch Alert for October 19, 2009
Posted: Monday, October 19, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
Sunoco Logistics Partners LP (NYSE: SXL) ended the last trading session at $60.93. 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 59.52 and resistance in the 62.10 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 May '10 60 covered call (SXL EL) for a net debit in the $58.73 area. That is also the break even stock price for this trade. This covered call has a 215 day duration, provides 3.61% downside protection and a 2.16% assigned return rate for a 3.67% annualized return rate (comparison purposes only). Sunoco Logistics has a current annual dividend yield of 6.87%. [ABR-Seven Summits Research]
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