iShares MSCI Spain Index Fund (EWP) PriceWatch Alert for November 6, 2009

Posted: Friday, November 06, 2009 8:42 AM EDT

iShares MSCI Spain Index Fund (PCX: EWP) closed yesterday at $49.97. So far EWP has hit a 52-week low of $24.33 and 52-week high of $52.34. EWP has been showing support around 49.36 and resistance in the 50.62 range. Technical indicators are Bullish. EWP appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 51 covered call (EWP AY) for a net debit in the $48.47 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 3.00% downside protection and a 5.22% assigned return rate for a 26.83% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

Click Symbol For More News On: (EWP)