Sunoco Logistics Partners LP (SXL) PriceWatch Alert for October 22, 2009
Posted: Thursday, October 22, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
Sunoco Logistics Partners LP (NYSE: SXL) closed yesterday at $61.65. So far the stock has hit a 52-week low of $30.00 and 52-week high of $62.11. Sunoco Logistics stock has been showing support around 60.95 and resistance in the 62.09 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 $58.80 area. That is also the break even stock price for this trade. This covered call has a 212 day duration, provides 4.62% downside protection and a 2.04% assigned return rate for a 3.51% annualized return rate (comparison purposes only). Sunoco Logistics has a current annual dividend yield of 6.81%. [THA-Seven Summits Research]
CLICK HERE: FREE Sunoco Logistics (SXL) Stock ReportSee what our analysts have uncovered about Sunoco Logistics (SXL).