iShares S&P MidCap 400 Index Fund (IJH) PriceWatch Alert for November 3, 2009

Posted: Tuesday, November 03, 2009 8:41 AM EDT

iShares S&P MidCap 400 Index Fund (PCX: IJH) closed yesterday at $66.15. So far IJH has hit a 52-week low of $39.80 and 52-week high of $71.72. IJH has been showing support around 64.18 and resistance in the 67.96 range. Technical indicators are Bearish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 59 covered call (IGH AG) for a net debit in the $53.55 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 19.05% downside protection and a 10.18% assigned return rate for a 50.20% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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