iShares MSCI Canada Index Fund (EWC) 2/9/10 PriceWatch Alert With Support Around $23.86
Posted: Tuesday, February 09, 2010 8:47 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Canada Index Fund (PACF: EWC) closed yesterday at $24.25. So far EWC has hit a 52-week low of $13.64 and 52-week high of $27.64. EWC has been showing support around 23.86 and resistance in the 24.96 range. Technical indicators are Bearish. EWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 24 covered call for a net debit in the $22.50 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 7.22% downside protection and a 6.67% assigned return rate for an 18.72% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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