iShares S&P 500 Value Index Fund (IVE) 11/9/09 PriceWatch Alert Neutral Price Movement
Posted: Monday, November 09, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Value Index Fund (PCX: IVE) ended the last trading session at $50.87. So far IVE has hit a 52-week low of $30.62 and 52-week high of $53.06. IVE has been showing support around 50.06 and resistance in the 51.36 range. Technical indicators are Neutral. IVE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 52 covered call (JOD AZ) for a net debit in the $49.72 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 2.26% downside protection and a 4.59% assigned return rate for a 24.61% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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