Direxion Daily Technology Bull 3X Shares (TYH) PriceWatch Alert for February 9, 2010
Posted: Tuesday, February 09, 2010 8:37 AM EDT
By: Market Intelligence Center Staff
Direxion Daily Technology Bull 3X Shares (PACF: TYH) closed yesterday at $119.40. So far TYH has hit a 52-week low of $31.86 and 52-week high of $170.16. TYH has been showing support around 115.72 and resistance in the 126.14 range. Technical indicators are Bearish. TYH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 115 covered call for a net debit in the $103.50 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 13.32% downside protection and an 11.11% assigned return rate for a 60.53% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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