iShares MSCI United Kingdom Index Fund (EWU) 2/9/10 PriceWatch Alert With $13.85 Break Even
Posted: Tuesday, February 09, 2010 8:34 AM EDT
By: Market Intelligence Center Staff
iShares MSCI United Kingdom Index Fund (PACF: EWU) closed yesterday at $14.70. So far EWU has hit a 52-week low of $8.88 and 52-week high of $17.20. EWU has been showing support around 14.51 and resistance in the 15.07 range. Technical indicators are Bearish. EWU appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jul '10 15 covered call for a net debit in the $13.85 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 5.78% downside protection and an 8.30% assigned return rate for a 19.18% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (EWU) Stock ReportSee what our analysts have uncovered about (EWU).