NRG Energy (NRG) 11/2/09 PriceWatch Alert Technicals Showing Bearish
Posted: Monday, November 02, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
NRG Energy (NYSE: NRG) ended the last trading session at $22.99. So far the stock has hit a 52-week low of $15.19 and 52-week high of $29.26. NRG Energy stock has been showing support around 22.08 and resistance in the 24.70 range. Technical indicators for the stock are Bearish and S&P gives NRG a positive 4 STAR (out of 5) buy rating. NRG appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Mar '10 20 covered call (NRG CD) for a net debit in the $18.69 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 18.70% downside protection and a 7.01% assigned return rate for an 18.54% annualized return rate (comparison purposes only). NRG Energy does not pay dividends at this time. [ABR-Seven Summits Research]
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