Air Products and Chemicals (APD) 11/11/09 PriceWatch Alert Support Down To $81.01
Posted: Wednesday, November 11, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Air Products and Chemicals (NYSE: APD) closed yesterday at $82.22. 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 81.01 and resistance in the 83.09 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 Jan '10 80 covered call (APD AP) for a net debit in the $77.32 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 5.96% downside protection and a 3.47% assigned return rate for a 19.17% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.19%. [WBA-Seven Summits Research]
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