CurrencyShares Australian Dollar Trust (FXA) 2/9/10 PriceWatch Alert Support At Around $86.05
Posted: Tuesday, February 09, 2010 8:28 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Australian Dollar Trust (PACF: FXA) closed yesterday at $86.50. So far FXA has hit a 52-week low of $62.88 and 52-week high of $94.19. FXA has been showing support around 86.05 and resistance in the 87.37 range. Technical indicators are Bearish. FXA appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 86 covered call for a net debit in the $83.55 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 3.41% downside protection and a 2.93% assigned return rate for an 8.23% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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