iShares S&P MidCap 400 Growth Index Fund (IJK) 9/2/09 PriceWatch Alert Support Down To $66.60
Posted: Wednesday, September 02, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Growth Index Fund (PCX: IJK) closed yesterday at $68.22. So far IJK has hit a 52-week low of $42.28 and 52-week high of $87.59. IJK has been showing support around 66.60 and resistance in the 71.34 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 $65.72 area. That is also the break even stock price for this trade. This covered call has an 80 day duration, provides 3.66% downside protection and a 6.51% assigned return rate for a 29.71% annualized return rate (comparison purposes only). [WBA-Seven Summits Research] For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo
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