J B Hunt (JBHT) 10/26/09 PriceWatch Alert Targets 14.24% Return
Posted: Monday, October 26, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
J B Hunt (NasdaqNM: JBHT) ended the last trading session at $32.67. So far the stock has hit a 52-week low of $18.14 and 52-week high of $34.78. J B Hunt stock has been showing support around 31.98 and resistance in the 33.80 range. Technical indicators for the stock are Bullish and S&P gives JBHT a positive 4 STAR (out of 5) buy rating. JBHT appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 30 covered call (JHQ AF) for a net debit in the $29.07 area. That is also the break even stock price for this trade. This covered call has an 82 day duration, provides 11.02% downside protection and a 3.20% assigned return rate for a 14.24% annualized return rate (comparison purposes only). J B Hunt has a current annual dividend yield of 1.34%. [ABR-Seven Summits Research]
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