iShares Russell 1000 Growth Index Fund (IWF) 2/9/10 PriceWatch Alert Down To $45.11 Break Even
Posted: Tuesday, February 09, 2010 8:46 AM EDT
By: Market Intelligence Center Staff
iShares Russell 1000 Growth Index Fund (PACF: IWF) closed yesterday at $47.21. So far IWF has hit a 52-week low of $30.18 and 52-week high of $51.06. IWF has been showing support around 46.79 and resistance in the 47.95 range. Technical indicators are Bearish. IWF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 47 covered call for a net debit in the $45.11 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 4.45% downside protection and a 4.19% assigned return rate for a 14.99% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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