Sempra Energy (SRE) 11/3/09 PriceWatch Alert Bearish Price Movement
Posted: Tuesday, November 03, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
Sempra Energy (NYSE: SRE) closed yesterday at $49.79. So far the stock has hit a 52-week low of $36.43 and 52-week high of $53.75. Sempra Energy stock has been showing support around 47.72 and resistance in the 52.74 range. Technical indicators for the stock are Bearish and S&P gives SRE a very positive 5 STAR (out of 5) strong buy rating. SRE appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 50 covered call (SRE AJ) for a net debit in the $47.79 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 4.02% downside protection and a 4.62% assigned return rate for a 22.81% annualized return rate (comparison purposes only). Sempra Energy has a current annual dividend yield of 2.99%. [ATU-Seven Summits Research]
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