Pharmaceutical HOLDRS (PPH) 10/30/09 PriceWatch Alert Shows Bearish Technicals
Posted: Friday, October 30, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Pharmaceutical HOLDRS (AMEX: PPH) closed yesterday at $61.93. So far PPH has hit a 52-week low of $49.28 and 52-week high of $68.45. PPH has been showing support around 61.11 and resistance in the 62.37 range. Technical indicators are Bearish. PPH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 60 covered call (PPH BL) for a net debit in the $58.73 area. That is also the break even stock price for this trade. This covered call has an 113 day duration, provides 5.17% downside protection and a 2.16% assigned return rate for a 6.98% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE Pharmaceutical HOLDRS (PPH) Stock ReportSee what our analysts have uncovered about Pharmaceutical HOLDRS (PPH).