National Fuel Gas (NFG) 11/20/09 PriceWatch Alert Bullish Price Movement
Posted: Friday, November 20, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
National Fuel Gas (NYSE: NFG) closed yesterday at $47.50. 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 46.27 and resistance in the 49.41 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 $42.90 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 9.68% downside protection and a 4.90% assigned return rate for a 12.07% annualized return rate (comparison purposes only). National Fuel Gas has a current annual dividend yield of 2.72%. [FBB-Seven Summits Research]
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