UltraShort Dow30 ProShares (DXD) 11/10/09 PriceWatch Alert With Support Around $30.38
Posted: Tuesday, November 10, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
UltraShort Dow30 ProShares (PCX: DXD) closed yesterday at $31.09. So far DXD has hit a 52-week low of $31.05 and 52-week high of $102.48. DXD has been showing support around 30.38 and resistance in the 32.42 range. Technical indicators are Bearish. DXD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 31 covered call (DOF DE) for a net debit in the $27.69 area. That is also the break even stock price for this trade. This covered call has a 158 day duration, provides 10.94% downside protection and an 11.95% assigned return rate for a 27.61% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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