iShares MSCI Hong Kong Index Fund (EWH) 10/27/09 PriceWatch Alert Bullish Price Movement

Posted: Tuesday, October 27, 2009 8:21 AM EDT

iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $16.09. 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 15.79 and resistance in the 16.55 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 $14.99 area. That is also the break even stock price for this trade. This covered call has a 144 day duration, provides 6.84% downside protection and a 6.74% assigned return rate for a 17.08% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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