SPDR S&P International Small Cap ETF (GWX) PriceWatch Alert Technicals Showing Bullish

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

SPDR S&P International Small Cap ETF (PCX: GWX) closed yesterday at $21.15. So far GWX has hit a 52-week low of $13.57 and 52-week high of $30.78. GWX has been showing support around 20.95 and resistance in the 21.37 range. Technical indicators are Bullish. GWX appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 21 covered call (GWX JU) for a net debit in the $20.15 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 4.73% downside protection and a 4.22% assigned return rate for a 14.95% 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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