SPDR DJ Wilshire International Real Estate ETF (RWX) PriceWatch Alert Bullish Price Movement
Posted: Tuesday, July 14, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
SPDR DJ Wilshire International Real Estate ETF (PCX: RWX) closed yesterday at $28.06. 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 26.89 and resistance in the 28.75 range. Technical indicators are Bullish. RWX appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 28 covered call (RFT IB) for a net debit in the $27.01 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 3.74% downside protection and a 3.67% assigned return rate for a 19.97% 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 (RWX) Stock ReportSee what our analysts have uncovered about (RWX).