iShares Dow Jones U.S. Health Care Providers Index Fund (IHF) 11/3/09 PriceWatch Alert Shows Bearish Technicals

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

iShares Dow Jones U.S. Health Care Providers Index Fund (PCX: IHF) closed yesterday at $42.54. So far IHF has hit a 52-week low of $24.89 and 52-week high of $44.85. IHF has been showing support around 41.37 and resistance in the 43.25 range. Technical indicators are Bearish. IHF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 41 covered call (IHF EO) for a net debit in the $38.64 area. That is also the break even stock price for this trade. This covered call has a 200 day duration, provides 9.17% downside protection and a 6.11% assigned return rate for an 11.15% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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