iShares Cohen & Steers Realty Major (ICF) 11/6/09 PriceWatch Alert Shows Bearish Technicals
Posted: Friday, November 06, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
iShares Cohen & Steers Realty Major (PCX: ICF) closed yesterday at $47.10. So far ICF has hit a 52-week low of $23.04 and 52-week high of $53.04. ICF has been showing support around 45.80 and resistance in the 47.82 range. Technical indicators are Bearish. ICF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 46 covered call (ICF BT) for a net debit in the $43.40 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 7.86% downside protection and a 5.99% assigned return rate for a 20.63% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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