iShares MSCI Hong Kong Index Fund (EWH) PriceWatch Alert Bearish Price Movement
Posted: Tuesday, July 14, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $13.22. So far EWH has hit a 52-week low of $8.36 and 52-week high of $17.32. EWH has been showing support around 12.82 and resistance in the 13.50 range. Technical indicators are Bearish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 13 covered call (EWH LM) for a net debit in the $11.92 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 9.83% downside protection and a 9.06% assigned return rate for a 20.93% 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 (EWH) Stock ReportSee what our analysts have uncovered about (EWH).