Air Products and Chemicals (APD) 11/4/09 PriceWatch Alert With $72.49 Break Even

Posted: Wednesday, November 04, 2009 8:39 AM EDT

Air Products and Chemicals (NYSE: APD) closed yesterday at $78.59. 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 76.69 and resistance in the 79.91 range. Technical indicators for the stock are Bullish 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 $72.49 area. That is also the break even stock price for this trade. This covered call has a 73 day duration, provides 7.76% downside protection and a 3.46% assigned return rate for a 17.31% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.33%. [WBA-Seven Summits Research]

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