SPDR S&P International Small Cap ETF (GWX) PriceWatch Alert Bullish Price Movement
Posted: Thursday, July 02, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
SPDR S&P International Small Cap ETF (PCX: GWX) closed yesterday at $21.50. So far GWX has hit a 52-week low of $13.57 and 52-week high of $30.78. GWX has been showing support around 21.35 and resistance in the 21.71 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 $20.15 area. That is also the break even stock price for this trade. This covered call has a 107 day duration, provides 6.28% downside protection and a 4.22% assigned return rate for a 14.39% 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).