iShares S&P GSCI Commodity-Indexed (GSG) 11/3/09 PriceWatch Alert Technicals Showing Bullish

Posted: Tuesday, November 03, 2009 8:42 AM EDT

iShares S&P GSCI Commodity-Indexed (PCX: GSG) closed yesterday at $31.46. So far GSG has hit a 52-week low of $21.85 and 52-week high of $40.40. GSG has been showing support around 30.81 and resistance in the 31.93 range. Technical indicators are Bullish. GSG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 31 covered call (GSV AE) for a net debit in the $29.61 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 5.88% downside protection and a 4.69% assigned return rate for a 23.15% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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