NuStar Energy LP (NS) PriceWatch Alert for November 12, 2009
Posted: Thursday, November 12, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
NuStar Energy LP (NYSE: NS) closed yesterday at $52.50. 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 51.97 and resistance in the 53.21 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 $49.00 area. That is also the break even stock price for this trade. This covered call has a 219 day duration, provides 6.67% downside protection and a 2.04% assigned return rate for a 3.40% annualized return rate (comparison purposes only). NuStar Energy has a current annual dividend yield of 7.75%. [THA-Seven Summits Research]
CLICK HERE: FREE NuStar Energy (NS) Stock ReportSee what our analysts have uncovered about NuStar Energy (NS).