National Fuel Gas (NFG) Showing Bullish Technicals With S&P 3 Stars Hold Rating

National Fuel Gas (NYSE: NFG) closed yesterday at $47.34. So far the stock has hit a 52-week low of $26.67 and 52-week high of $49.72. National Fuel Gas stock has been showing support around 45.51 and resistance in the 48.37 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 a Jan '10 45 covered call (NFG AI) for a net debit in the $43.74 area. That is also the break even stock price for this trade. This covered call has a 78 day duration, provides 7.60% downside protection and a 2.88% assigned return rate for a 13.48% annualized return rate (comparison purposes only). National Fuel Gas has a current annual dividend yield of 2.89%.

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