iShares S&P Latin America 40 Index (ILF) PriceWatch Alert Support Down To $33.68

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

iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $34.05. So far ILF has hit a 52-week low of $19.64 and 52-week high of $52.17. ILF has been showing support around 33.68 and resistance in the 34.66 range. Technical indicators are Bullish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 31 covered call (ILF LE) for a net debit in the $28.85 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 15.27% downside protection and a 7.45% assigned return rate for a 16.39% 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]

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