iShares MSCI Germany Index Fund (EWG) 11/6/09 PriceWatch Alert At $19.85 Break Even

Posted: Friday, November 06, 2009 8:25 AM EDT

iShares MSCI Germany Index Fund (PCX: EWG) closed yesterday at $21.75. So far EWG has hit a 52-week low of $12.47 and 52-week high of $23.40. EWG has been showing support around 21.48 and resistance in the 21.98 range. Technical indicators are Bearish. EWG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 21 covered call (EWG DS) for a net debit in the $19.85 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 8.74% downside protection and a 5.79% assigned return rate for a 13.05% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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