iShares Dow Jones U.S. Financial Sector Index Fund (IYF) 11/3/09 PriceWatch Alert Shows Bearish Technicals
Posted: Tuesday, November 03, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
iShares Dow Jones U.S. Financial Sector Index Fund (PCX: IYF) closed yesterday at $50.18. So far IYF has hit a 52-week low of $23.15 and 52-week high of $56.88. IYF has been showing support around 48.01 and resistance in the 52.03 range. Technical indicators are Bearish. IYF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 50 covered call (IYF BX) for a net debit in the $46.68 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 6.97% downside protection and a 7.11% assigned return rate for a 23.82% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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