iShares Russell 1000 Value Index Fund (IWD) 11/6/09 PriceWatch Alert Neutral Price Movement

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

iShares Russell 1000 Value Index Fund (PCX: IWD) closed yesterday at $55.37. So far IWD has hit a 52-week low of $33.52 and 52-week high of $57.95. IWD has been showing support around 54.27 and resistance in the 55.93 range. Technical indicators are Neutral. IWD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 55 covered call (IWD BC) for a net debit in the $52.57 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 5.06% downside protection and a 4.62% assigned return rate for a 15.92% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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