iShares MSCI Hong Kong Index Fund (EWH) 10/26/09 PriceWatch Alert Support At Around $15.94

Posted: Monday, October 26, 2009 8:34 AM EDT

iShares MSCI Hong Kong Index Fund (PCX: EWH) ended the last trading session at $16.20. 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 15.94 and resistance in the 16.54 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 Mar '10 16 covered call (EWH CP) for a net debit in the $15.10 area. That is also the break even stock price for this trade. This covered call has a 145 day duration, provides 6.79% downside protection and a 5.96% assigned return rate for a 15.00% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]

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