NICOR (GAS) 10/27/09 PriceWatch Alert At $33.74 Break Even
Posted: Tuesday, October 27, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
NICOR (NYSE: GAS) closed yesterday at $36.84. 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 35.89 and resistance in the 38.45 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 $33.74 area. That is also the break even stock price for this trade. This covered call has a 172 day duration, provides 8.41% downside protection and a 3.73% assigned return rate for a 7.92% annualized return rate (comparison purposes only). NICOR has a current annual dividend yield of 4.91%. [ATU-Seven Summits Research]
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