J B Hunt (JBHT) 11/13/09 PriceWatch Alert With Support Around $31.16
Posted: Friday, November 13, 2009 8:42 AM EDT
By: Market Intelligence Center Staff
J B Hunt (NasdaqNM: JBHT) closed yesterday at $32.02. So far the stock has hit a 52-week low of $18.14 and 52-week high of $34.78. J B Hunt stock has been showing support around 31.16 and resistance in the 33.58 range. Technical indicators for the stock are Bullish and S&P gives JBHT a positive 4 STAR (out of 5) buy rating. JBHT appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 30 covered call (JHQ AF) for a net debit in the $29.02 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 9.37% downside protection and a 3.38% assigned return rate for a 19.26% annualized return rate (comparison purposes only). J B Hunt has a current annual dividend yield of 1.35%. [FBB-Seven Summits Research]
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