National Fuel Gas (NFG) 11/11/09 PriceWatch Alert Could Hit 13.21% Return
Posted: Wednesday, November 11, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
National Fuel Gas (NYSE: NFG) closed yesterday at $47.55. So far the stock has hit a 52-week low of $26.67 and 52-week high of $49.72. National Fuel Gas stock has been showing support around 46.99 and resistance in the 48.15 range. Technical indicators for the stock are Bullish and S&P gives NFG a neutral 3 STAR (out of 5) hold rating. NFG appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (NFG AI) for a net debit in the $43.95 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 7.57% downside protection and a 2.39% assigned return rate for a 13.21% annualized return rate (comparison purposes only). National Fuel Gas has a current annual dividend yield of 2.79%. [WBA-Seven Summits Research]
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