Air Products and Chemicals (APD) 11/5/09 PriceWatch Alert With Support Around $76.04
Posted: Thursday, November 05, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Air Products and Chemicals (NYSE: APD) closed yesterday at $77.65. 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 76.04 and resistance in the 80.52 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 $72.15 area. That is also the break even stock price for this trade. This covered call has a 72 day duration, provides 7.08% downside protection and a 3.95% assigned return rate for a 20.02% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.30%. [THA-Seven Summits Research]
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