PowerShares DB Energy Fund (DBE) 11/3/09 PriceWatch Alert Up To 22.83% Return

Posted: Tuesday, November 03, 2009 8:25 AM EDT

PowerShares DB Energy Fund (PCX: DBE) closed yesterday at $26.05. So far DBE has hit a 52-week low of $16.14 and 52-week high of $29.80. DBE has been showing support around 25.42 and resistance in the 26.50 range. Technical indicators are Bullish. DBE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 26 covered call (DMK AZ) for a net debit in the $24.85 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 4.61% downside protection and a 4.63% assigned return rate for a 22.83% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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