SPDR DJ Wilshire International Real Estate ETF (RWX) PriceWatch Alert Support At Around $28.12

Posted: Monday, July 06, 2009 8:07 AM EDT

SPDR DJ Wilshire International Real Estate ETF (PCX: RWX) closed yesterday at $28.55. So far RWX has hit a 52-week low of $17.48 and 52-week high of $49.02. RWX has been showing support around 28.12 and resistance in the 29.16 range. Technical indicators are Bullish. RWX appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 28 covered call (RFT LB) for a net debit in the $26.90 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 5.78% downside protection and a 4.09% assigned return rate for an 8.99% 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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