CurrencyShares Canadian Dollar Trust (FXC) 2/9/10 PriceWatch Alert Targets 7.46% Return
Posted: Tuesday, February 09, 2010 8:46 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Canadian Dollar Trust (PACF: FXC) closed yesterday at $92.72. So far FXC has hit a 52-week low of $76.59 and 52-week high of $97.46. FXC has been showing support around 92.29 and resistance in the 93.55 range. Technical indicators are Bearish. FXC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 92 covered call for a net debit in the $89.62 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 3.34% downside protection and a 2.66% assigned return rate for a 7.46% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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