Air Products and Chemicals (APD) 11/19/09 PriceWatch Alert Shows Bullish Technicals
Posted: Thursday, November 19, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Air Products and Chemicals (NYSE: APD) closed yesterday at $83.81. So far the stock has hit a 52-week low of $41.46 and 52-week high of $85.44. Air Products and Chemicals stock has been showing support around 82.58 and resistance in the 85.22 range. Technical indicators for the stock are Bullish and S&P gives APD a neutral 3 STAR (out of 5) hold rating. APD appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 80 covered call (APD AP) for a net debit in the $78.11 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 6.80% downside protection and a 2.42% assigned return rate for a 15.23% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.12%. [THA-Seven Summits Research]
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