Pharmaceutical HOLDRS (PPH) 11/5/09 PriceWatch Alert Up To 8.51% Return
Posted: Thursday, November 05, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
Pharmaceutical HOLDRS (AMEX: PPH) closed yesterday at $62.04. 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 60.49 and resistance in the 63.43 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 Feb '10 60 covered call (PPH BL) for a net debit in the $58.54 area. That is also the break even stock price for this trade. This covered call has a 107 day duration, provides 5.64% downside protection and a 2.49% assigned return rate for an 8.51% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE Pharmaceutical HOLDRS (PPH) Stock ReportSee what our analysts have uncovered about Pharmaceutical HOLDRS (PPH).