iShares Russell Microcap Index (IWC) 2/9/10 PriceWatch Alert At $34.99 Break Even
Posted: Tuesday, February 09, 2010 8:37 AM EDT
By: Market Intelligence Center Staff
iShares Russell Microcap Index (PACF: IWC) closed yesterday at $37.14. So far IWC has hit a 52-week low of $21.46 and 52-week high of $41.16. IWC has been showing support around 36.75 and resistance in the 37.71 range. Technical indicators are Bearish. IWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 37 covered call for a net debit in the $34.99 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 5.79% downside protection and a 5.74% assigned return rate for a 16.13% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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