Pharmaceutical HOLDRS (PPH) 11/10/09 PriceWatch Alert Targets 9.55% Return
Posted: Tuesday, November 10, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Pharmaceutical HOLDRS (AMEX: PPH) closed yesterday at $62.34. So far PPH has hit a 52-week low of $49.28 and 52-week high of $68.45. PPH has been showing support around 61.16 and resistance in the 62.98 range. Technical indicators are Bearish. PPH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 60 covered call (PPH BL) for a net debit in the $58.44 area. That is also the break even stock price for this trade. This covered call has a 102 day duration, provides 6.26% downside protection and a 2.67% assigned return rate for a 9.55% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE Pharmaceutical HOLDRS (PPH) Stock ReportSee what our analysts have uncovered about Pharmaceutical HOLDRS (PPH).