iShares MSCI Sweden Index Fund (EWD) 11/3/09 PriceWatch Alert Could Hit 20.22% Return
Posted: Tuesday, November 03, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Sweden Index Fund (PCX: EWD) closed yesterday at $23.49. So far EWD has hit a 52-week low of $11.38 and 52-week high of $24.80. EWD has been showing support around 22.73 and resistance in the 24.51 range. Technical indicators are Bullish. EWD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 24 covered call (EWD DX) for a net debit in the $21.99 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 6.39% downside protection and a 9.14% assigned return rate for a 20.22% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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