SPDR S&P Biotech ETF (XBI) 11/9/09 PriceWatch Alert Neutral Price Movement
Posted: Monday, November 09, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
SPDR S&P Biotech ETF (PCX: XBI) ended the last trading session at $49.82. So far XBI has hit a 52-week low of $43.03 and 52-week high of $56.92. XBI has been showing support around 48.57 and resistance in the 50.63 range. Technical indicators are Neutral. XBI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 49 covered call (XBI CW) for a net debit in the $46.12 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 7.43% downside protection and a 6.24% assigned return rate for a 17.40% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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