iShares S&P 500 Growth Index Fund (IVW) PriceWatch Alert for November 4, 2009
Posted: Wednesday, November 04, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Growth Index Fund (PCX: IVW) closed yesterday at $54.35. So far IVW has hit a 52-week low of $36.02 and 52-week high of $56.80. IVW has been showing support around 53.59 and resistance in the 54.81 range. Technical indicators are Neutral. IVW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 55 covered call (IVW FC) for a net debit in the $50.95 area. That is also the break even stock price for this trade. This covered call has a 227 day duration, provides 6.26% downside protection and a 7.95% assigned return rate for a 12.78% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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