iShares Dow Jones U.S. Oil Equipment & Services Index Fund (IEZ) 2/9/10 PriceWatch Alert Support Down To $40.12
Posted: Tuesday, February 09, 2010 8:40 AM EDT
By: Market Intelligence Center Staff
iShares Dow Jones U.S. Oil Equipment & Services Index Fund (PACF: IEZ) closed yesterday at $40.95. So far IEZ has hit a 52-week low of $21.79 and 52-week high of $48.09. IEZ has been showing support around 40.12 and resistance in the 42.42 range. Technical indicators are Bearish. IEZ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 40 covered call for a net debit in the $37.95 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 7.33% downside protection and a 5.40% assigned return rate for a 29.43% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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