iShares S&P MidCap 400 Growth Index Fund (IJK) PriceWatch Alert With Support Around $67.58
Posted: Monday, August 17, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Growth Index Fund (PCX: IJK) closed yesterday at $68.98. So far IJK has hit a 52-week low of $42.28 and 52-week high of $87.68. IJK has been showing support around 67.58 and resistance in the 70.72 range. Technical indicators are Bullish. IJK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Nov '09 70 covered call (IJV KR) for a net debit in the $65.88 area. That is also the break even stock price for this trade. This covered call has a 96 day duration, provides 4.49% downside protection and a 6.25% assigned return rate for a 23.78% 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 (IJK) Stock ReportSee what our analysts have uncovered about (IJK).