iShares S&P SmallCap 600 Value Index Fund (IJS) 2/9/10 PriceWatch Alert At $52.53 Break Even
Posted: Tuesday, February 09, 2010 8:40 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Value Index Fund (PACF: IJS) closed yesterday at $55.13. So far IJS has hit a 52-week low of $31.76 and 52-week high of $60.70. IJS has been showing support around 54.58 and resistance in the 56.24 range. Technical indicators are Bearish. IJS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 56 covered call for a net debit in the $52.53 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 4.72% downside protection and a 6.61% assigned return rate for a 23.64% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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