iShares MSCI Australia Index Fund (EWA) 11/3/09 PriceWatch Alert Support At Around $21.54
Posted: Tuesday, November 03, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Australia Index Fund (PCX: EWA) closed yesterday at $22.28. So far EWA has hit a 52-week low of $10.50 and 52-week high of $24.57. EWA has been showing support around 21.54 and resistance in the 22.98 range. Technical indicators are Neutral. EWA appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 22 covered call (EWA DD) for a net debit in the $20.68 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 7.18% downside protection and a 6.38% assigned return rate for a 14.12% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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