Enterprise GP Holdings LP (EPE) PriceWatch Alert for November 20, 2009
Posted: Friday, November 20, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Enterprise GP Holdings LP (NYSE: EPE) closed yesterday at $36.63. So far the stock has hit a 52-week low of $14.75 and 52-week high of $37.85. Enterprise GP stock has been showing support around 36.05 and resistance in the 37.39 range. Technical indicators for the stock are Bullish and S&P gives EPE a positive 4 STAR (out of 5) buy rating. EPE appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 35 covered call (EPE EG) for a net debit in the $33.73 area. That is also the break even stock price for this trade. This covered call has an 183 day duration, provides 7.92% downside protection and a 3.77% assigned return rate for a 7.51% annualized return rate (comparison purposes only). Enterprise GP has a current annual dividend yield of 5.60%. [FBB-Seven Summits Research]
CLICK HERE: FREE Enterprise GP (EPE) Stock ReportSee what our analysts have uncovered about Enterprise GP (EPE).