Air Products and Chemicals (APD) 10/26/09 PriceWatch Alert Technicals Showing Bullish

Posted: Monday, October 26, 2009 8:22 AM EDT

Air Products and Chemicals (NYSE: APD) ended the last trading session at $81.14. So far the stock has hit a 52-week low of $41.46 and 52-week high of $84.43. Air Products and Chemicals stock has been showing support around 79.01 and resistance in the 84.47 range. Technical indicators for the stock are Bullish and S&P gives APD a neutral 3 STAR (out of 5) hold rating. APD appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Dec '09 80 covered call (APD LP) for a net debit in the $77.34 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 4.68% downside protection and a 3.44% assigned return rate for a 23.25% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.20%. [ABR-Seven Summits Research]

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