PowerShares DB Gold Fund (DGL) PriceWatch Alert Technicals Showing Bearish
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $33.58. So far DGL has hit a 52-week low of $25.99 and 52-week high of $36.70. DGL has been showing support around 33.45 and resistance in the 33.69 range. Technical indicators are Bearish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 33 covered call (DGL JG) for a net debit in the $31.83 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 5.21% downside protection and a 3.68% assigned return rate for a 13.03% 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 (DGL) Stock ReportSee what our analysts have uncovered about (DGL).