iShares MSCI Hong Kong Index Fund (EWH) PriceWatch Alert With Support Around $14.75

Posted: Friday, August 07, 2009 8:17 AM EDT

iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $15.16. So far EWH has hit a 52-week low of $8.36 and 52-week high of $16.56. EWH has been showing support around 14.75 and resistance in the 15.49 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 15 covered call (EWH LK) for a net debit in the $13.96 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 7.92% downside protection and a 7.45% assigned return rate for a 20.29% 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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