Airgas (ARG) 11/6/09 PriceWatch Alert Support At Around $44.93

Posted: Friday, November 06, 2009 8:39 AM EDT

Airgas (NYSE: ARG) closed yesterday at $46.54. So far the stock has hit a 52-week low of $26.29 and 52-week high of $51.00. Airgas stock has been showing support around 44.93 and resistance in the 47.39 range. Technical indicators for the stock are Bearish and S&P gives ARG a neutral 3 STAR (out of 5) hold rating. ARG appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (ARG AI) for a net debit in the $43.24 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 7.09% downside protection and a 4.07% assigned return rate for a 20.92% annualized return rate (comparison purposes only). Airgas has a current annual dividend yield of 1.60%. [FBB-Seven Summits Research]

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