PowerShares DB Gold Fund (DGL) 11/3/09 PriceWatch Alert With Support Around $37.61

Posted: Tuesday, November 03, 2009 8:23 AM EDT

PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $38.06. So far DGL has hit a 52-week low of $25.99 and 52-week high of $38.33. DGL has been showing support around 37.61 and resistance in the 38.39 range. Technical indicators are Bullish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 38 covered call (DGL DV) for a net debit in the $36.01 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 5.39% downside protection and a 5.53% assigned return rate for a 12.22% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

Click Symbol For More News On: (DGL)