Cabot Oil and Gas (COG) 11/20/09 PriceWatch Alert Up To 22.73% Return
Posted: Friday, November 20, 2009 8:40 AM EDT
By: Market Intelligence Center Staff
Cabot Oil and Gas (NYSE: COG) closed yesterday at $38.80. So far the stock has hit a 52-week low of $17.84 and 52-week high of $42.80. Cabot Oil and Gas stock has been showing support around 37.60 and resistance in the 40.32 range. Technical indicators for the stock are Bullish and S&P gives COG a positive 4 STAR (out of 5) buy rating. COG appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 35 covered call (COG AG) for a net debit in the $33.80 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 12.89% downside protection and a 3.55% assigned return rate for a 22.73% annualized return rate (comparison purposes only). Cabot Oil and Gas has a current annual dividend yield of 0.30%. [FBB-Seven Summits Research]
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