May 10, 2013 (Marketintelligencecenter.com via COMTEX) -- Genesis Energy LP (AMEX:GEL) closed Thursday's trading session at $51.84. In the past year, the stock has hit a 52-week low of $26.70 and 52-week high of $52.00. Genesis Energy (GEL) stock has been showing support around $50.35 and resistance in the $52.75 range. Technical indicators for the stock are Bullish. For a hedged play on Genesis Energy (GEL), look at the Sep '13 $50.00 covered call for a net debit in the $48.54 area. That is also the break-even stock price for this trade. This covered call has a duration of 134 days, provides 6.37% downside protection and an assigned return rate of 3.01% for an annualized return rate of 8.19% (for comparison purposes only). Genesis Energy (GEL) has a current annual dividend yield of 4.02%.
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As of Monday, 05-06-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
03-29-2012 for GEL @ $30.72.
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