PowerShares DB Base Metals Fund (DBB) 11/9/09 PriceWatch Alert Technicals Showing Bullish
Posted: Monday, November 09, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Base Metals Fund (PCX: DBB) ended the last trading session at $19.75. So far DBB has hit a 52-week low of $10.90 and 52-week high of $20.88. DBB has been showing support around 19.39 and resistance in the 20.07 range. Technical indicators are Bullish. DBB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 19 covered call (DBB DS) for a net debit in the $17.80 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 9.87% downside protection and a 6.74% assigned return rate for a 15.48% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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