UGI (UGI) 11/6/09 PriceWatch Alert At $23.31 Break Even

Posted: Friday, November 06, 2009 8:32 AM EDT

UGI (NYSE: UGI) closed yesterday at $24.36. So far the stock has hit a 52-week low of $21.14 and 52-week high of $27.38. UGI stock has been showing support around 23.81 and resistance in the 24.63 range. Technical indicators for the stock are Bearish and S&P gives UGI a positive 4 STAR (out of 5) buy rating. UGI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 25 covered call (UGI DE) for a net debit in the $23.31 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 4.31% downside protection and a 7.25% assigned return rate for a 16.34% annualized return rate (comparison purposes only). UGI has a current annual dividend yield of 3.36%. [FBB-Seven Summits Research]

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