iShares S&P SmallCap 600 Index Fund (IJR) PriceWatch Alert Bullish Price Movement

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

iShares S&P SmallCap 600 Index Fund (PCX: IJR) closed yesterday at $43.69. So far IJR has hit a 52-week low of $29.92 and 52-week high of $76.00. IJR has been showing support around 42.85 and resistance in the 45.01 range. Technical indicators are Bullish. IJR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Nov '09 43 covered call (IJO KQ) for a net debit in the $40.09 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 8.24% downside protection and a 7.26% assigned return rate for a 19.20% 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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