iShares MSCI Hong Kong Index Fund (EWH) 11/9/09 PriceWatch Alert Support At Around $15.61
Posted: Monday, November 09, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Hong Kong Index Fund (PCX: EWH) ended the last trading session at $15.81. So far EWH has hit a 52-week low of $8.36 and 52-week high of $16.56. EWH has been showing support around 15.61 and resistance in the 15.97 range. Technical indicators are Bullish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 15 covered call (EWH FK) for a net debit in the $14.11 area. That is also the break even stock price for this trade. This covered call has a 222 day duration, provides 10.75% downside protection and a 6.31% assigned return rate for a 10.37% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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