iShares S&P Latin America 40 Index (ILF) 2/9/10 PriceWatch Alert Support At Around $40.80
Posted: Tuesday, February 09, 2010 8:44 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PACF: ILF) closed yesterday at $41.45. So far ILF has hit a 52-week low of $21.38 and 52-week high of $50.25. ILF has been showing support around 40.80 and resistance in the 42.68 range. Technical indicators are Bearish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 41 covered call for a net debit in the $37.75 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 8.93% downside protection and an 8.61% assigned return rate for a 24.17% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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