iShares Russell 2000 Growth Index Fund (IWO) 2/9/10 PriceWatch Alert With Support Around $63.08
Posted: Tuesday, February 09, 2010 8:35 AM EDT
By: Market Intelligence Center Staff
iShares Russell 2000 Growth Index Fund (PACF: IWO) closed yesterday at $63.83. So far IWO has hit a 52-week low of $37.86 and 52-week high of $70.68. IWO has been showing support around 63.08 and resistance in the 65.06 range. Technical indicators are Bearish. IWO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 63 covered call for a net debit in the $59.93 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 6.11% downside protection and a 5.12% assigned return rate for an 18.33% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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