PowerShares Water Resource Portfolio (PHO) PriceWatch Alert for July 6, 2009

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

PowerShares Water Resource Portfolio (PCX: PHO) closed yesterday at $14.33. So far PHO has hit a 52-week low of $10.10 and 52-week high of $22.70. PHO has been showing support around 14.13 and resistance in the 14.69 range. Technical indicators are Bullish. PHO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 14 covered call (PHO LN) for a net debit in the $12.98 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 9.42% downside protection and a 7.86% assigned return rate for a 17.28% 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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