iShares Cohen & Steers Realty Major (ICF) 11/3/09 PriceWatch Alert Technicals Showing Bearish

Posted: Tuesday, November 03, 2009 8:40 AM EDT

iShares Cohen & Steers Realty Major (PCX: ICF) closed yesterday at $46.43. So far ICF has hit a 52-week low of $23.04 and 52-week high of $53.04. ICF has been showing support around 43.82 and resistance in the 48.80 range. Technical indicators are Bearish. ICF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 46 covered call (ICF BT) for a net debit in the $43.33 area. That is also the break even stock price for this trade. This covered call has a 109 day duration, provides 6.68% downside protection and a 6.16% assigned return rate for a 20.63% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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