iShares MSCI Canada Index Fund (EWC) PriceWatch Alert Up To 8.68% Downside Protection
Posted: Monday, August 17, 2009 8:19 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Canada Index Fund (PCX: EWC) closed yesterday at $23.62. So far EWC has hit a 52-week low of $13.64 and 52-week high of $31.00. EWC has been showing support around 22.93 and resistance in the 24.37 range. Technical indicators are Bullish. EWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 23 covered call (EWC LW) for a net debit in the $21.57 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 8.68% downside protection and a 6.63% assigned return rate for a 19.51% 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 (EWC) Stock ReportSee what our analysts have uncovered about (EWC).