iShares MSCI South Africa Index (EZA) PriceWatch Alert for November 3, 2009

Posted: Tuesday, November 03, 2009 8:35 AM EDT

iShares MSCI South Africa Index (PCX: EZA) closed yesterday at $51.02. So far EZA has hit a 52-week low of $25.90 and 52-week high of $58.74. EZA has been showing support around 48.57 and resistance in the 53.57 range. Technical indicators are Bearish. EZA appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 50 covered call (EZA AJ) for a net debit in the $47.62 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 6.66% downside protection and a 5.00% assigned return rate for a 24.65% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

Click Symbol For More News On: (EZA)