PowerShares DB Oil Fund (DBO) PriceWatch Alert Neutral Price Movement
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Oil Fund (PCX: DBO) closed yesterday at $24.42. So far DBO has hit a 52-week low of $15.75 and 52-week high of $55.65. DBO has been showing support around 24.22 and resistance in the 24.72 range. Technical indicators are Neutral. DBO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 24 covered call (DNW AX) for a net debit in the $21.77 area. That is also the break even stock price for this trade. This covered call has a 194 day duration, provides 10.85% downside protection and a 10.24% assigned return rate for a 19.27% 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 (DBO) Stock ReportSee what our analysts have uncovered about (DBO).
More News For (DBO):
DB Oil (DBO) Could Break Through $29.51 Resistance Level
Friday, February 10, 2012... DB Oil (AMEX: DBO) closed Thursday's trading session at $29.30. In the past year, the ETF has hit a 52-week low of $22.07 and 52-week high of $34.57......
http://www.marketintelligencecenter.com/analyfav/1334027
DB Oil (DBO) Could Break Through $28.88 Resistance Level
Monday, February 06, 2012... DB Oil (AMEX:DBO) closed Friday's dramatic trading session at $28.61. In the past year, the ETF has hit a 52-week low of $22.07 and 52-week high of......
http://www.marketintelligencecenter.com/analyfav/1332779
Potential DB Oil (DBO) Trade Has 6.59% Downside Protection
Tuesday, January 31, 2012... DB Oil (AMEX: DBO) closed Monday's trading session at $28.81. In the past year, the ETF has hit a 52-week low of $22.07 and 52-week high of $34.57......
http://www.marketintelligencecenter.com/analyfav/1331521
DB Oil (DBO) Could Fall Through $28.48 Support Level
Wednesday, January 25, 2012... DB Oil (AMEX: DBO) closed Tuesday's trading session at $28.84. In the past year, the ETF has hit a 52-week low of $22.07 and 52-week high of $34.57......
http://www.marketintelligencecenter.com/analyfav/1330261
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