Software HOLDRS (SWH) PriceWatch Alert Support At Around $33.72

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

Software HOLDRS (AMEX: SWH) closed yesterday at $33.89. So far SWH has hit a 52-week low of $25.15 and 52-week high of $43.93. SWH has been showing support around 33.72 and resistance in the 34.08 range. Technical indicators are Bullish. SWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 30 covered call (SWH BF) for a net debit in the $28.69 area. That is also the break even stock price for this trade. This covered call has a 229 day duration, provides 15.34% downside protection and a 4.57% assigned return rate for a 7.28% 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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