PowerShares Water Resource Portfolio (PHO) 2/9/10 PriceWatch Alert Targets 13.07% Return
Posted: Tuesday, February 09, 2010 8:40 AM EDT
By: Market Intelligence Center Staff
PowerShares Water Resource Portfolio (PACF: PHO) closed yesterday at $15.35. So far PHO has hit a 52-week low of $10.10 and 52-week high of $17.84. PHO has been showing support around 15.20 and resistance in the 15.66 range. Technical indicators are Bearish. PHO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '10 15 covered call for a net debit in the $13.90 area. That is also the break even stock price for this trade. This covered call has a 221 day duration, provides 9.45% downside protection and a 7.91% assigned return rate for a 13.07% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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