iShares MSCI Hong Kong Index Fund (EWH) PriceWatch Alert Targets 20.08% Return
Posted: Tuesday, June 30, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $14.09. So far EWH has hit a 52-week low of $8.36 and 52-week high of $17.32. EWH has been showing support around 13.85 and resistance in the 14.21 range. Technical indicators are Bullish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 14 covered call (EWH LJ) for a net debit in the $12.79 area. That is also the break even stock price for this trade. This covered call has a 172 day duration, provides 9.23% downside protection and a 9.46% assigned return rate for a 20.08% 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]
CLICK HERE: FREE (EWH) Stock ReportSee what our analysts have uncovered about (EWH).