PowerShares Golden Dragon Halter USX China Portfolio (PGJ) 11/10/09 PriceWatch Alert Bullish Price Movement
Posted: Tuesday, November 10, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
PowerShares Golden Dragon Halter USX China Portfolio (PCX: PGJ) closed yesterday at $24.13. So far PGJ has hit a 52-week low of $10.91 and 52-week high of $24.44. PGJ has been showing support around 23.65 and resistance in the 24.37 range. Technical indicators are Bullish. PGJ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 24 covered call (PGJ CX) for a net debit in the $22.58 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 6.42% downside protection and a 6.29% assigned return rate for a 17.66% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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