Air Products and Chemicals (APD) 11/6/09 PriceWatch Alert Technicals Showing Bullish

Posted: Friday, November 06, 2009 8:10 AM EDT

Air Products and Chemicals (NYSE: APD) closed yesterday at $79.51. 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 77.73 and resistance in the 80.47 range. Technical indicators for the stock are Bullish 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 Mar '10 75 covered call (APD CO) for a net debit in the $71.51 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 10.06% downside protection and a 4.88% assigned return rate for a 13.29% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.29%. [FBB-Seven Summits Research]

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