Utilities HOLDRS (UTH) PriceWatch Alert Shows Bullish Technicals
Posted: Monday, July 06, 2009 8:07 AM EDT
Utilities HOLDRS (AMEX: UTH) closed yesterday at $89.06. So far UTH has hit a 52-week low of $73.51 and 52-week high of $135.60. UTH has been showing support around 88.18 and resistance in the 90.64 range. Technical indicators are Bullish. UTH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Nov '09 85 covered call (UTH KQ) for a net debit in the $82.46 area. That is also the break even stock price for this trade. This covered call has a 138 day duration, provides 7.41% downside protection and a 3.08% assigned return rate for an 8.15% 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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