iShares S&P SmallCap 600 Index Fund (IJR) 11/3/09 PriceWatch Alert Support At Around $47.84

Posted: Tuesday, November 03, 2009 8:31 AM EDT

iShares S&P SmallCap 600 Index Fund (PCX: IJR) closed yesterday at $49.35. So far IJR has hit a 52-week low of $29.92 and 52-week high of $54.56. IJR has been showing support around 47.84 and resistance in the 50.84 range. Technical indicators are Bearish. IJR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 49 covered call (IJO BW) for a net debit in the $47.90 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 2.94% downside protection and a 2.30% assigned return rate for a 7.69% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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