Ultra Semiconductors ProShares (USD) 2/9/10 PriceWatch Alert With Support Around $25.90
Posted: Tuesday, February 09, 2010 8:30 AM EDT
By: Market Intelligence Center Staff
Ultra Semiconductors ProShares (PACF: USD) closed yesterday at $27.15. So far USD has hit a 52-week low of $10.35 and 52-week high of $35.22. USD has been showing support around 25.90 and resistance in the 28.92 range. Technical indicators are Bearish. USD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Aug '10 25 covered call for a net debit in the $22.15 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 18.42% downside protection and a 12.87% assigned return rate for a 24.33% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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