Total (TOT) 11/17/09 PriceWatch Alert Targets 28.24% Return
Posted: Tuesday, November 17, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
Total (NYSE: TOT) closed yesterday at $63.75. So far the stock has hit a 52-week low of $42.88 and 52-week high of $64.65. Total stock has been showing support around 62.98 and resistance in the 64.66 range. Technical indicators for the stock are Bullish and S&P gives TOT a positive 4 STAR (out of 5) buy rating. TOT appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Feb '10 65 covered call (TOT BM) for a net debit in the $60.55 area. That is also the break even stock price for this trade. This covered call has a 95 day duration, provides 5.02% downside protection and a 7.35% assigned return rate for a 28.24% annualized return rate (comparison purposes only). Total has a current annual dividend yield of 8.56%. [ATU-Seven Summits Research]
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