National Fuel Gas (NFG) 11/17/09 PriceWatch Alert Could Hit 12.98% Return
Posted: Tuesday, November 17, 2009 8:11 AM EDT
By: Market Intelligence Center Staff
National Fuel Gas (NYSE: NFG) closed yesterday at $47.36. So far the stock has hit a 52-week low of $26.67 and 52-week high of $49.72. National Fuel Gas stock has been showing support around 46.53 and resistance in the 47.87 range. Technical indicators for the stock are Bullish and S&P gives NFG a neutral 3 STAR (out of 5) hold rating. NFG appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 45 covered call (NFG AI) for a net debit in the $44.06 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 6.97% downside protection and a 2.13% assigned return rate for a 12.98% annualized return rate (comparison purposes only). National Fuel Gas has a current annual dividend yield of 2.92%. [ATU-Seven Summits Research]
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