National Fuel Gas (NFG) 11/18/09 PriceWatch Alert With Support Around $47.36
Posted: Wednesday, November 18, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
National Fuel Gas (NYSE: NFG) closed yesterday at $49.27. 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 47.36 and resistance in the 50.44 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 an Apr '10 45 covered call (NFG DI) for a net debit in the $43.57 area. That is also the break even stock price for this trade. This covered call has a 150 day duration, provides 11.57% downside protection and a 3.28% assigned return rate for a 7.99% annualized return rate (comparison purposes only). National Fuel Gas has a current annual dividend yield of 2.88%. [WBA-Seven Summits Research]
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