SPDR DJ Wilshire International Real Estate ETF (RWX) PriceWatch Alert Support At Around $26.88
Posted: Thursday, July 09, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
SPDR DJ Wilshire International Real Estate ETF (PCX: RWX) closed yesterday at $27.49. So far RWX has hit a 52-week low of $17.48 and 52-week high of $49.02. RWX has been showing support around 26.88 and resistance in the 28.16 range. Technical indicators are Bearish. RWX appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 27 covered call (RFT IA) for a net debit in the $26.09 area. That is also the break even stock price for this trade. This covered call has a 72 day duration, provides 5.09% downside protection and a 3.49% assigned return rate for a 17.68% 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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