Sunoco Logistics Partners LP (SXL) 10/20/09 PriceWatch Alert Down To $58.57 Break Even
Posted: Tuesday, October 20, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
Sunoco Logistics Partners LP (NYSE: SXL) closed yesterday at $61.07. 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 59.78 and resistance in the 62.20 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 $58.57 area. That is also the break even stock price for this trade. This covered call has a 214 day duration, provides 4.09% downside protection and a 2.44% assigned return rate for a 4.16% annualized return rate (comparison purposes only). Sunoco Logistics has a current annual dividend yield of 6.80%. [ATU-Seven Summits Research]
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