iShares Dow Jones Transportation Average Index Fund (IYT) 2/9/10 PriceWatch Alert Shows Bearish Technicals
Posted: Tuesday, February 09, 2010 8:42 AM EDT
By: Market Intelligence Center Staff
iShares Dow Jones Transportation Average Index Fund (PACF: IYT) closed yesterday at $68.55. So far IYT has hit a 52-week low of $38.28 and 52-week high of $76.69. IYT has been showing support around 67.46 and resistance in the 70.02 range. Technical indicators are Bearish. IYT appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 68 covered call for a net debit in the $64.05 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 6.56% downside protection and a 6.17% assigned return rate for a 17.32% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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