PowerShares DB Gold Fund (DGL) 11/10/09 PriceWatch Alert With $36.51 Break Even
Posted: Tuesday, November 10, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $39.61. So far DGL has hit a 52-week low of $25.99 and 52-week high of $39.82. DGL has been showing support around 39.39 and resistance in the 39.93 range. Technical indicators are Bullish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 38 covered call (DGL DV) for a net debit in the $36.51 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 7.83% downside protection and a 4.08% assigned return rate for a 9.43% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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