iShares S&P SmallCap 600 Index Fund (IJR) 11/10/09 PriceWatch Alert Bullish Price Movement
Posted: Tuesday, November 10, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Index Fund (PCX: IJR) closed yesterday at $51.82. So far IJR has hit a 52-week low of $29.92 and 52-week high of $54.56. IJR has been showing support around 50.93 and resistance in the 52.31 range. Technical indicators are Bullish. IJR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 51 covered call (IJO BY) for a net debit in the $48.62 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 6.18% downside protection and a 4.90% assigned return rate for a 17.52% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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