UltraShort Dow30 ProShares (DXD) 11/9/09 PriceWatch Alert Shows Bearish Technicals
Posted: Monday, November 09, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
UltraShort Dow30 ProShares (PCX: DXD) ended the last trading session at $32.43. So far DXD has hit a 52-week low of $32.11 and 52-week high of $102.48. DXD has been showing support around 31.82 and resistance in the 33.34 range. Technical indicators are Bearish. DXD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 32 covered call (DOF DF) for a net debit in the $28.53 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 12.03% downside protection and a 12.16% assigned return rate for a 27.92% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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