iShares MSCI Hong Kong Index Fund (EWH) 11/5/09 PriceWatch Alert Shows Bullish Technicals
Posted: Thursday, November 05, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $15.72. So far EWH has hit a 52-week low of $8.36 and 52-week high of $16.56. EWH has been showing support around 15.51 and resistance in the 16.01 range. Technical indicators are Bullish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 15 covered call (EWH FK) for a net debit in the $14.12 area. That is also the break even stock price for this trade. This covered call has a 226 day duration, provides 10.18% downside protection and a 6.23% assigned return rate for a 10.07% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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