PowerShares DB Base Metals Fund (DBB) PriceWatch Alert for November 10, 2009
Posted: Tuesday, November 10, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Base Metals Fund (PCX: DBB) closed yesterday at $19.80. So far DBB has hit a 52-week low of $10.90 and 52-week high of $20.88. DBB has been showing support around 19.49 and resistance in the 20.31 range. Technical indicators are Bullish. DBB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 19 covered call (DBB DS) for a net debit in the $17.75 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 10.35% downside protection and a 7.04% assigned return rate for a 16.27% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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