National Retail Properties Inc. (NNN) 11/20/09 PriceWatch Alert Technicals Showing Bearish
Posted: Friday, November 20, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
National Retail Properties Inc. (NYSE: NNN) closed yesterday at $19.46. So far the stock has hit a 52-week low of $10.03 and 52-week high of $22.80. National Retail Properties stock has been showing support around 19.15 and resistance in the 19.99 range. Technical indicators for the stock are Bearish and S&P gives NNN a neutral 3 STAR (out of 5) hold rating. NNN appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 17.50 covered call (NNN FW) for a net debit in the $16.61 area. That is also the break even stock price for this trade. This covered call has a 211 day duration, provides 14.65% downside protection and a 5.36% assigned return rate for a 9.27% annualized return rate (comparison purposes only). National Retail Properties has a current annual dividend yield of 7.64%. [FBB-Seven Summits Research]
CLICK HERE: FREE National Retail Properties (NNN) Stock ReportSee what our analysts have uncovered about National Retail Properties (NNN).