iShares Russell Midcap Growth Index (IWP) 11/3/09 PriceWatch Alert With Support Around $40.12
Posted: Tuesday, November 03, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Growth Index (PCX: IWP) closed yesterday at $41.14. So far IWP has hit a 52-week low of $24.26 and 52-week high of $44.43. IWP has been showing support around 40.12 and resistance in the 42.10 range. Technical indicators are Bearish. IWP appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 40 covered call (IWP BH) for a net debit in the $38.29 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 6.93% downside protection and a 4.47% assigned return rate for a 14.95% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (IWP) Stock ReportSee what our analysts have uncovered about (IWP).