Market Vectors-Coal ETF (KOL) 3/15/10 PriceWatch Alert Support Down To $37.50
Posted: Monday, March 15, 2010 8:20 AM EDT
By: Market Intelligence Center Staff
Market Vectors-Coal ETF (PACF: KOL) ended the last trading session at $38.09. So far KOL has hit a 52-week low of $12.69 and 52-week high of $41.55. KOL has been showing support around 37.50 and resistance in the 39.00 range. Technical indicators are Bullish. KOL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jul '10 38 covered call for a net debit in the $34.99 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 8.14% downside protection and an 8.60% assigned return rate for a 25.32% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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