Air Products and Chemicals (APD) 11/2/09 PriceWatch Alert Shows Bearish Technicals

Posted: Monday, November 02, 2009 8:35 AM EDT

Air Products and Chemicals (NYSE: APD) ended the last trading session at $77.13. 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 74.62 and resistance in the 81.36 range. Technical indicators for the stock are Bearish 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 Jan '10 75 covered call (APD AO) for a net debit in the $71.93 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 6.74% downside protection and a 4.27% assigned return rate for a 20.77% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.32%. [ABR-Seven Summits Research]

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