iShares Dow Jones U.S. Energy Sector Index Fund (IYE) 11/3/09 PriceWatch Alert Support At Around $31.67

Posted: Tuesday, November 03, 2009 8:44 AM EDT

iShares Dow Jones U.S. Energy Sector Index Fund (PCX: IYE) closed yesterday at $32.66. So far IYE has hit a 52-week low of $22.21 and 52-week high of $35.48. IYE has been showing support around 31.67 and resistance in the 33.69 range. Technical indicators are Bullish. IYE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 30 covered call (IYE DF) for a net debit in the $29.06 area. That is also the break even stock price for this trade. This covered call has a 165 day duration, provides 11.02% downside protection and a 3.23% assigned return rate for a 7.16% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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