NuStar Energy LP (NS) 11/6/09 PriceWatch Alert Support Down To $52.81
Posted: Friday, November 06, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
NuStar Energy LP (NYSE: NS) closed yesterday at $53.76. So far the stock has hit a 52-week low of $30.20 and 52-week high of $57.68. NuStar Energy stock has been showing support around 52.81 and resistance in the 54.45 range. Technical indicators for the stock are Bullish and S&P gives NS a positive 4 STAR (out of 5) buy rating. NS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 50 covered call (NS FJ) for a net debit in the $48.86 area. That is also the break even stock price for this trade. This covered call has a 225 day duration, provides 9.11% downside protection and a 2.33% assigned return rate for a 3.78% annualized return rate (comparison purposes only). NuStar Energy has a current annual dividend yield of 8.10%. [FBB-Seven Summits Research]
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