iShares MSCI BRIC Index (BKF) 2/9/10 PriceWatch Alert At $33.10 Break Even
Posted: Tuesday, February 09, 2010 8:39 AM EDT
By: Market Intelligence Center Staff
iShares MSCI BRIC Index (PACF: BKF) closed yesterday at $39.70. So far BKF has hit a 52-week low of $19.78 and 52-week high of $48.50. BKF has been showing support around 38.90 and resistance in the 41.02 range. Technical indicators are Bearish. BKF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Aug '10 35 covered call for a net debit in the $33.10 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 16.62% downside protection and a 5.74% assigned return rate for a 10.86% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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