Air Products and Chemicals (APD) 11/16/09 PriceWatch Alert With 6.72% Downside Protection
Posted: Monday, November 16, 2009 8:42 AM EDT
By: Market Intelligence Center Staff
Air Products and Chemicals (NYSE: APD) ended the last trading session at $83.38. 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 81.83 and resistance in the 84.67 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 $77.78 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 6.72% downside protection and a 2.85% assigned return rate for a 17.08% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.17%. [ABR-Seven Summits Research]
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