Air Products and Chemicals (APD) Closed At 52 Week High With Bullish Technicals

Air Products and Chemicals (NYSE: APD) closed yesterday at $83.95. So far the stock has hit a 52-week low of $41.46 and 52-week high of $83.95. Air Products and Chemicals stock has been showing support around 82.34 and resistance in the 84.76 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 Dec '09 80 covered call (APD LP) for a net debit in the $77.85 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 7.27% downside protection and a 2.76% assigned return rate for a 15.75% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.19%.

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