PowerShares DB Energy Fund (DBE) PriceWatch Alert With $21.13 Break Even

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

PowerShares DB Energy Fund (PCX: DBE) closed yesterday at $23.38. So far DBE has hit a 52-week low of $16.14 and 52-week high of $57.00. DBE has been showing support around 23.14 and resistance in the 23.64 range. Technical indicators are Neutral. DBE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 23 covered call (DMK AW) for a net debit in the $21.13 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 9.62% downside protection and an 8.85% assigned return rate for a 16.65% 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 Symbol For More News On: (DBE)