iShares Russell Midcap Index Fund (IWR) PriceWatch Alert for July 6, 2009

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

iShares Russell Midcap Index Fund (PCX: IWR) closed yesterday at $63.72. So far IWR has hit a 52-week low of $44.65 and 52-week high of $96.42. IWR has been showing support around 63.01 and resistance in the 64.97 range. Technical indicators are Neutral. IWR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Nov '09 60 covered call (IWR KL) for a net debit in the $57.22 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 10.20% downside protection and a 4.86% assigned return rate for a 12.85% 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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