NICOR (GAS) 10/26/09 PriceWatch Alert Could Hit 6.46% Return
Posted: Monday, October 26, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
NICOR (NYSE: GAS) ended the last trading session at $37.26. So far the stock has hit a 52-week low of $27.50 and 52-week high of $47.60. NICOR stock has been showing support around 36.47 and resistance in the 38.49 range. Technical indicators for the stock are Bullish and S&P gives GAS a positive 4 STAR (out of 5) buy rating. GAS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 35 covered call (GAS DG) for a net debit in the $33.96 area. That is also the break even stock price for this trade. This covered call has a 173 day duration, provides 8.86% downside protection and a 3.06% assigned return rate for a 6.46% annualized return rate (comparison purposes only). NICOR has a current annual dividend yield of 4.91%. [ABR-Seven Summits Research]
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