SPDR S&P International Small Cap ETF (GWX) PriceWatch Alert With Support Around $20.92
Posted: Wednesday, July 01, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
SPDR S&P International Small Cap ETF (PCX: GWX) closed yesterday at $21.21. So far GWX has hit a 52-week low of $13.57 and 52-week high of $31.00. GWX has been showing support around 20.92 and resistance in the 21.62 range. Technical indicators are Bullish. GWX appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 21 covered call (GWX JU) for a net debit in the $20.01 area. That is also the break even stock price for this trade. This covered call has a 108 day duration, provides 5.66% downside protection and a 4.95% assigned return rate for a 16.72% 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 (GWX) Stock ReportSee what our analysts have uncovered about (GWX).