iShares S&P Latin America 40 Index (ILF) PriceWatch Alert With Support Around $36.99

Posted: Tuesday, July 28, 2009 8:07 AM EDT

iShares S&P Latin America 40 Index (AMEX: ILF) closed yesterday at $37.81. So far ILF has hit a 52-week low of $19.64 and 52-week high of $51.39. ILF has been showing support around 36.99 and resistance in the 38.31 range. Technical indicators are Bullish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 37 covered call (ILF CK) for a net debit in the $33.21 area. That is also the break even stock price for this trade. This covered call has a 235 day duration, provides 12.17% downside protection and an 11.41% assigned return rate for a 17.73% 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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