PowerShares DB Base Metals Fund (DBB) PriceWatch Alert for July 6, 2009
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Base Metals Fund (PCX: DBB) closed yesterday at $15.34. So far DBB has hit a 52-week low of $10.90 and 52-week high of $25.96. DBB has been showing support around 14.99 and resistance in the 15.57 range. Technical indicators are Bullish. DBB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 15 covered call (DBB JO) for a net debit in the $14.09 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 8.15% downside protection and a 6.46% assigned return rate for a 22.89% 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]
CLICK HERE: FREE (DBB) Stock ReportSee what our analysts have uncovered about (DBB).