iShares MSCI EAFE Value Index Fund (EFV) 11/3/09 PriceWatch Alert Support Down To $48.58
Posted: Tuesday, November 03, 2009 8:25 AM EDT
By: Market Intelligence Center Staff
iShares MSCI EAFE Value Index Fund (PCX: EFV) closed yesterday at $49.81. So far EFV has hit a 52-week low of $27.00 and 52-week high of $53.64. EFV has been showing support around 48.58 and resistance in the 51.16 range. Technical indicators are Bearish. EFV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (EFV CX) for a net debit in the $47.76 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 4.12% downside protection and a 4.69% assigned return rate for a 12.50% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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