PowerShares DB Silver Fund (DBS) 11/6/09 PriceWatch Alert Targets 29.64% Return
Posted: Friday, November 06, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) closed yesterday at $31.16. So far DBS has hit a 52-week low of $14.81 and 52-week high of $32.10. DBS has been showing support around 30.94 and resistance in the 31.38 range. Technical indicators are Bullish. DBS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 31 covered call (DBS AE) for a net debit in the $29.31 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 5.94% downside protection and a 5.77% assigned return rate for a 29.64% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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