FirstEnergy (FE) 11/3/09 PriceWatch Alert Targets 8.95% Downside Protection

Posted: Tuesday, November 03, 2009 8:44 AM EDT
By: Market Intelligence Center Staff





FirstEnergy (NYSE: FE) closed yesterday at $42.45. So far the stock has hit a 52-week low of $35.26 and 52-week high of $59.00. FirstEnergy stock has been showing support around 41.55 and resistance in the 43.85 range. Technical indicators for the stock are Bearish and S&P gives FE a neutral 3 STAR (out of 5) hold rating. FE appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Apr '10 40 covered call (FE DH) for a net debit in the $38.65 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 8.95% downside protection and a 3.49% assigned return rate for a 7.73% annualized return rate (comparison purposes only). FirstEnergy has a current annual dividend yield of 4.96%. [ATU-Seven Summits Research]



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More News For FirstEnergy (FE):

FirstEnergy (FE) Showing Resistance Near $43.62 With 5.05% Dividend Yield

Wednesday, February 08, 2012... FirstEnergy (NYSE:FE) closed Tuesday's bullish trading session at $43.24. In the past year, the stock has hit a 52-week low of $36.11 and 52-week......

http://www.marketintelligencecenter.com/analyfav/1333212

FirstEnergy (FE) Could Break Through $42.76 Resistance Level

Wednesday, February 01, 2012... FirstEnergy (NYSE:FE) closed Tuesday's wandering trading session at $42.22. In the past year, the stock has hit a 52-week low of $36.11 and 52-week......

http://www.marketintelligencecenter.com/analyfav/1331639

FirstEnergy (FE) Showing Support Near $39.77 With 5.24% Dividend Yield

Thursday, January 26, 2012... FirstEnergy (NYSE:FE) closed Wednesday's winning trading session at $42.13. In the past year, the stock has hit a 52-week low of $36.11 and 52-week......

http://www.marketintelligencecenter.com/analyfav/1330524

FirstEnergy (FE) Sees 2x Normal Options Volume, Stock Trading Up 0.4%

Monday, January 23, 2012... FirstEnergy (NYSE: FE) opened at $41.62. So far today, the stock has hit a low of $41.58 and a high of $42.27. FE is now trading at $41.69, up $0.16......

http://www.marketintelligencecenter.com/newsbites/1329645

Potential FirstEnergy (FE) Trade Targets 11.55% Return

Friday, January 20, 2012... FirstEnergy Corp. (NYSE: FE) closed Thursday's trading session at $41.14. In the past year, the stock has hit a 52-week low of $36.11 and 52-week......

http://www.marketintelligencecenter.com/analyfav/1329174


Hedged Trade Ideas For FE:

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