iShares S&P Latin America 40 Index (ILF) PriceWatch Alert With Support Around $32.50
Posted: Thursday, June 25, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $33.39. So far ILF has hit a 52-week low of $19.64 and 52-week high of $56.29. ILF has been showing support around 32.50 and resistance in the 34.44 range. Technical indicators are Neutral. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 31 covered call (ILF LE) for a net debit in the $28.29 area. That is also the break even stock price for this trade. This covered call has a 177 day duration, provides 15.27% downside protection and a 9.58% assigned return rate for a 19.75% annualized return rate (comparison purposes only). [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
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