SPDR S&P Metals & Mining ETF (XME) 12/31/09 PriceWatch Alert Bullish Price Movement
Posted: Thursday, December 31, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
SPDR S&P Metals & Mining ETF (PACF: XME) closed yesterday at $52.21. So far XME has hit a 52-week low of $20.55 and 52-week high of $54.22. XME has been showing support around 51.16 and resistance in the 53.06 range. Technical indicators are Bullish. XME appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 52 covered call for a net debit in the $49.51 area. That is also the break even stock price for this trade. This covered call has a 51 day duration, provides 5.17% downside protection and a 5.03% assigned return rate for a 35.99% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (XME) Stock ReportSee what our analysts have uncovered about (XME).