NuStar Energy LP (NS) 11/18/09 PriceWatch Alert Support At Around $52.60
Posted: Wednesday, November 18, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
NuStar Energy LP (NYSE: NS) closed yesterday at $53.07. 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 52.60 and resistance in the 53.38 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 $48.97 area. That is also the break even stock price for this trade. This covered call has a 213 day duration, provides 7.73% downside protection and a 2.10% assigned return rate for a 3.60% annualized return rate (comparison purposes only). NuStar Energy has a current annual dividend yield of 8.04%. [WBA-Seven Summits Research]
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