iShares S&P 500 Growth Index Fund (IVW) 11/6/09 PriceWatch Alert Bullish Price Movement
Posted: Friday, November 06, 2009 8:11 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Growth Index Fund (PCX: IVW) closed yesterday at $55.57. So far IVW has hit a 52-week low of $36.02 and 52-week high of $56.80. IVW has been showing support around 54.61 and resistance in the 56.11 range. Technical indicators are Bullish. IVW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 57 covered call (IVW CE) for a net debit in the $53.47 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 3.78% downside protection and a 6.60% assigned return rate for a 17.98% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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