iShares MSCI Hong Kong Index Fund (EWH) PriceWatch Alert Up To 16.43% Return
Posted: Thursday, July 23, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $14.72. 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 14.43 and resistance in the 14.93 range. Technical indicators are Bullish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 14 covered call (EWH LJ) for a net debit in the $13.12 area. That is also the break even stock price for this trade. This covered call has a 149 day duration, provides 10.87% downside protection and a 6.71% assigned return rate for a 16.43% 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).