Pharmaceutical HOLDRS (PPH) 11/2/09 PriceWatch Alert Could Hit 11.88% Return
Posted: Monday, November 02, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Pharmaceutical HOLDRS (AMEX: PPH) ended the last trading session at $61.07. 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 60.25 and resistance in the 62.59 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 Jan '10 60 covered call (PPH AL) for a net debit in the $58.57 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 4.09% downside protection and a 2.44% assigned return rate for an 11.88% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE Pharmaceutical HOLDRS (PPH) Stock ReportSee what our analysts have uncovered about Pharmaceutical HOLDRS (PPH).