World Fuel Services (INT) 11/11/09 PriceWatch Alert Support At Around $51.38
Posted: Wednesday, November 11, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
World Fuel Services (NYSE: INT) closed yesterday at $52.67. So far the stock has hit a 52-week low of $25.23 and 52-week high of $57.12. World Fuel Services stock has been showing support around 51.38 and resistance in the 54.76 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 $46.67 area. That is also the break even stock price for this trade. This covered call has a 101 day duration, provides 11.39% downside protection and a 7.14% assigned return rate for a 25.79% annualized return rate (comparison purposes only). World Fuel Services has a current annual dividend yield of 0.56%. [WBA-Seven Summits Research]
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