iShares MSCI Hong Kong Index Fund (EWH) PriceWatch Alert for October 23, 2009

Posted: Friday, October 23, 2009 8:32 AM EDT

iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $16.38. 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 16.06 and resistance in the 16.60 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 Jun '10 16 covered call (EWH FP) for a net debit in the $14.88 area. That is also the break even stock price for this trade. This covered call has a 239 day duration, provides 9.16% downside protection and a 7.53% assigned return rate for an 11.50% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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