iShares S&P 500 Value Index Fund (IVE) 11/6/09 PriceWatch Alert Support At Around $49.84

Posted: Friday, November 06, 2009 8:38 AM EDT

iShares S&P 500 Value Index Fund (PCX: IVE) closed yesterday at $50.71. So far IVE has hit a 52-week low of $30.62 and 52-week high of $53.06. IVE has been showing support around 49.84 and resistance in the 51.18 range. Technical indicators are Bearish. IVE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 52 covered call (JOD AZ) for a net debit in the $49.71 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 1.97% downside protection and a 4.61% assigned return rate for a 23.68% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

Click Symbol For More News On: (IVE)