Pharmaceutical HOLDRS (PPH) 11/4/09 PriceWatch Alert At $58.60 Break Even
Posted: Wednesday, November 04, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
Pharmaceutical HOLDRS (AMEX: PPH) closed yesterday at $61.05. So far PPH has hit a 52-week low of $49.28 and 52-week high of $68.45. PPH has been showing support around 60.37 and resistance in the 61.99 range. Technical indicators are Bearish. PPH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 60 covered call (PPH AL) for a net debit in the $58.60 area. That is also the break even stock price for this trade. This covered call has a 73 day duration, provides 4.01% downside protection and a 2.39% assigned return rate for an 11.95% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
CLICK HERE: FREE Pharmaceutical HOLDRS (PPH) Stock ReportSee what our analysts have uncovered about Pharmaceutical HOLDRS (PPH).