Total (TOT) 10/23/09 PriceWatch Alert Shows Bullish Technicals
Posted: Friday, October 23, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Total (NYSE: TOT) closed yesterday at $63.99. So far the stock has hit a 52-week low of $42.60 and 52-week high of $64.65. Total stock has been showing support around 62.42 and resistance in the 65.04 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 Dec '09 65 covered call (TOT LM) for a net debit in the $62.39 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 2.50% downside protection and a 4.18% assigned return rate for a 26.79% annualized return rate (comparison purposes only). Total has a current annual dividend yield of 4.01%. [FBB-Seven Summits Research]
CLICK HERE: FREE Total (TOT) Stock ReportSee what our analysts have uncovered about Total (TOT).