World Fuel Services (INT) 11/9/09 PriceWatch Alert Shows Bullish Technicals
Posted: Monday, November 09, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
World Fuel Services (NYSE: INT) ended the last trading session at $51.36. So far the stock has hit a 52-week low of $23.64 and 52-week high of $57.12. World Fuel Services stock has been showing support around 49.51 and resistance in the 53.31 range. Technical indicators for the stock are Bullish and S&P gives INT a positive 4 STAR (out of 5) buy rating. INT appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 50 covered call (INT BJ) for a net debit in the $46.06 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 10.32% downside protection and an 8.55% assigned return rate for a 30.31% annualized return rate (comparison purposes only). World Fuel Services has a current annual dividend yield of 0.58%. [ABR-Seven Summits Research]
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