UltraShort Russell2000 ProShares (TWM) 11/10/09 PriceWatch Alert Targets 28.44% Return
Posted: Tuesday, November 10, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
UltraShort Russell2000 ProShares (PCX: TWM) closed yesterday at $28.81. So far TWM has hit a 52-week low of $26.36 and 52-week high of $180.64. TWM has been showing support around 28.29 and resistance in the 29.77 range. Technical indicators are Bearish. TWM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 26 covered call (TVF AZ) for a net debit in the $24.71 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 14.23% downside protection and a 5.22% assigned return rate for a 28.44% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (TWM) Stock ReportSee what our analysts have uncovered about (TWM).