PowerShares Golden Dragon Halter USX China Portfolio (PGJ) PriceWatch Alert Bullish Price Movement

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

PowerShares Golden Dragon Halter USX China Portfolio (PCX: PGJ) closed yesterday at $20.80. So far PGJ has hit a 52-week low of $10.91 and 52-week high of $26.25. PGJ has been showing support around 20.25 and resistance in the 21.11 range. Technical indicators are Bullish. PGJ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 20 covered call (PGJ LT) for a net debit in the $18.45 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 11.30% downside protection and an 8.40% assigned return rate for an 18.47% 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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