iShares MSCI Canada Index Fund (EWC) 11/6/09 PriceWatch Alert Could Hit 17.26% Return

Posted: Friday, November 06, 2009 8:46 AM EDT

iShares MSCI Canada Index Fund (PCX: EWC) closed yesterday at $24.92. So far EWC has hit a 52-week low of $13.64 and 52-week high of $26.88. EWC has been showing support around 24.47 and resistance in the 25.17 range. Technical indicators are Bearish. EWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 24 covered call (EWC CX) for a net debit in the $22.57 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 9.43% downside protection and a 6.34% assigned return rate for a 17.26% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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