Dec 27, 2012 (Marketintelligencecenter.com via COMTEX) -- China Petroleum & Chemical Corp. (NYSE:SNP) closed Wednesday's trading session at $112.77. In the past year, the stock has hit a 52-week low of $82.51 and 52-week high of $125.36. China Petroleum and Chemcial (SNP) stock has been showing support around $111.75 and resistance in the $114.31 range. Technical indicators for the stock are Bullish. For a hedged play on China Petroleum and Chemcial (SNP), look at the Feb '13 $110.00 covered call for a net debit in the $107.27 area. That is also the break-even stock price for this trade. This covered call has a duration of 51 days, provides 4.88% downside protection and an assigned return rate of 2.54% for an annualized return rate of 18.21% (for comparison purposes only). China Petroleum and Chemcial (SNP) has a current annual dividend yield of 3.76%.
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As of Sunday, 12-23-2012 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
02-21-2012 for SNP @ $112.25.
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