iShares MSCI European Monetary Union Index Fund (EZU) 2/9/10 PriceWatch Alert Could Hit 22.15% Return
Posted: Tuesday, February 09, 2010 8:43 AM EDT
By: Market Intelligence Center Staff
iShares MSCI European Monetary Union Index Fund (PACF: EZU) closed yesterday at $32.53. So far EZU has hit a 52-week low of $20.08 and 52-week high of $40.03. EZU has been showing support around 32.02 and resistance in the 33.36 range. Technical indicators are Bearish. EZU appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 32.50 covered call for a net debit in the $31.23 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 4.00% downside protection and a 4.07% assigned return rate for a 22.15% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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