NICOR (GAS) 11/5/09 PriceWatch Alert At $34.04 Break Even
Posted: Thursday, November 05, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
NICOR (NYSE: GAS) closed yesterday at $37.54. So far the stock has hit a 52-week low of $27.50 and 52-week high of $44.29. NICOR stock has been showing support around 37.18 and resistance in the 38.18 range. Technical indicators for the stock are Bullish and S&P gives GAS a positive 4 STAR (out of 5) buy rating. GAS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 35 covered call (GAS DG) for a net debit in the $34.04 area. That is also the break even stock price for this trade. This covered call has a 163 day duration, provides 9.32% downside protection and a 2.82% assigned return rate for a 6.32% annualized return rate (comparison purposes only). NICOR has a current annual dividend yield of 4.96%. [THA-Seven Summits Research]
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