NuStar Energy LP (NS) 11/11/09 PriceWatch Alert Support Down To $51.73
Posted: Wednesday, November 11, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
NuStar Energy LP (NYSE: NS) closed yesterday at $52.80. 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 51.73 and resistance in the 53.47 range. Technical indicators for the stock are Bearish 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 $48.90 area. That is also the break even stock price for this trade. This covered call has a 220 day duration, provides 7.39% downside protection and a 2.25% assigned return rate for a 3.73% annualized return rate (comparison purposes only). NuStar Energy has a current annual dividend yield of 7.75%. [WBA-Seven Summits Research]
CLICK HERE: FREE NuStar Energy (NS) Stock ReportSee what our analysts have uncovered about NuStar Energy (NS).