iShares MSCI Canada Index Fund (EWC) 7/30/10 PriceWatch Alert With $24.62 Break Even
Posted: Friday, July 30, 2010 8:14 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Canada Index Fund (PACF: EWC) closed yesterday at $26.52. So far EWC has hit a 52-week low of $22.56 and 52-week high of $29.00. EWC has been showing support around 25.95 and resistance in the 27.01 range. Technical indicators are Neutral. EWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '10 26 covered call for a net debit in the $24.62 area. That is also the break even stock price for this trade. This covered call has a 141 day duration, provides 7.16% downside protection and a 5.61% assigned return rate for a 14.51% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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