PowerShares DB Gold Fund (DGL) 11/9/09 PriceWatch Alert Could Hit 8.52% Return
Posted: Monday, November 09, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) ended the last trading session at $39.39. So far DGL has hit a 52-week low of $25.99 and 52-week high of $39.48. DGL has been showing support around 39.06 and resistance in the 39.64 range. Technical indicators are Bullish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 38 covered call (DGL DV) for a net debit in the $36.64 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 6.98% downside protection and a 3.71% assigned return rate for an 8.52% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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