iShares S&P SmallCap 600 Value Index Fund (IJS) 11/9/09 PriceWatch Alert Shows Bearish Technicals
Posted: Monday, November 09, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Value Index Fund (PCX: IJS) ended the last trading session at $54.11. So far IJS has hit a 52-week low of $31.76 and 52-week high of $58.62. IJS has been showing support around 52.82 and resistance in the 55.28 range. Technical indicators are Bearish. IJS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 55 covered call (ISD BC) for a net debit in the $51.16 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 5.45% downside protection and a 7.51% assigned return rate for a 26.60% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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