CurrencyShares Japanese Yen Trust (FXY) PriceWatch Alert Support Down To $106.85
Posted: Monday, July 13, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Japanese Yen Trust (PCX: FXY) ended the last trading session at $107.58. So far FXY has hit a 52-week low of $90.15 and 52-week high of $114.61. FXY has been showing support around 106.85 and resistance in the 108.73 range. Technical indicators are Bullish. FXY appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 107 covered call (GDW IC) for a net debit in the $104.58 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 2.79% downside protection and a 2.31% assigned return rate for a 12.42% 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 (FXY) Stock ReportSee what our analysts have uncovered about (FXY).