National Fuel Gas (NFG) 11/19/09 PriceWatch Alert Down To $43.43 Break Even
Posted: Thursday, November 19, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
National Fuel Gas (NYSE: NFG) closed yesterday at $49.03. So far the stock has hit a 52-week low of $26.67 and 52-week high of $50.20. National Fuel Gas stock has been showing support around 48.14 and resistance in the 50.64 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 $43.43 area. That is also the break even stock price for this trade. This covered call has a 149 day duration, provides 11.42% downside protection and a 3.62% assigned return rate for an 8.86% annualized return rate (comparison purposes only). National Fuel Gas has a current annual dividend yield of 2.83%. [THA-Seven Summits Research]
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