Ultra Industrials ProShares (UXI) 2/9/10 PriceWatch Alert With $24.97 Break Even
Posted: Tuesday, February 09, 2010 8:39 AM EDT
By: Market Intelligence Center Staff
Ultra Industrials ProShares (PACF: UXI) closed yesterday at $28.37. So far UXI has hit a 52-week low of $9.48 and 52-week high of $34.59. UXI has been showing support around 27.90 and resistance in the 29.16 range. Technical indicators are Bearish. UXI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 26 covered call for a net debit in the $24.97 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 11.98% downside protection and a 4.12% assigned return rate for a 22.47% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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