Air Products and Chemicals (APD) 11/20/09 PriceWatch Alert With $77.54 Break Even
Posted: Friday, November 20, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
Air Products and Chemicals (NYSE: APD) closed yesterday at $82.24. 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 80.05 and resistance in the 84.57 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 $77.54 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 5.71% downside protection and a 3.17% assigned return rate for a 20.32% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.13%. [FBB-Seven Summits Research]
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