iShares S&P Latin America 40 Index (ILF) 3/19/10 PriceWatch Alert Shows Bullish Technicals
Posted: Friday, March 19, 2010 8:31 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PACF: ILF) closed yesterday at $47.56. So far ILF has hit a 52-week low of $25.07 and 52-week high of $50.25. ILF has been showing support around 46.81 and resistance in the 48.49 range. Technical indicators are Bullish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 47 covered call for a net debit in the $44.76 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 5.89% downside protection and a 5.00% assigned return rate for a 19.85% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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