Pharmaceutical HOLDRS (PPH) 11/6/09 PriceWatch Alert Down To $58.81 Break Even
Posted: Friday, November 06, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
Pharmaceutical HOLDRS (AMEX: PPH) closed yesterday at $62.61. So far PPH has hit a 52-week low of $49.28 and 52-week high of $68.45. PPH has been showing support around 61.82 and resistance in the 63.42 range. Technical indicators are Bearish. PPH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 60 covered call (PPH BL) for a net debit in the $58.81 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 6.07% downside protection and a 2.02% assigned return rate for a 6.97% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE Pharmaceutical HOLDRS (PPH) Stock ReportSee what our analysts have uncovered about Pharmaceutical HOLDRS (PPH).