CurrencyShares British Pound Sterling Trust (FXB) 2/9/10 PriceWatch Alert Support At Around $154.97
Posted: Tuesday, February 09, 2010 8:41 AM EDT
By: Market Intelligence Center Staff
CurrencyShares British Pound Sterling Trust (PACF: FXB) closed yesterday at $155.50. So far FXB has hit a 52-week low of $136.92 and 52-week high of $170.12. FXB has been showing support around 154.97 and resistance in the 156.33 range. Technical indicators are Bearish. FXB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 160 covered call for a net debit in the $152.75 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 1.77% downside protection and a 4.75% assigned return rate for a 13.33% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (FXB) Stock ReportSee what our analysts have uncovered about (FXB).