Utilities HOLDRS (UTH) 11/11/09 PriceWatch Alert Shows Bullish Technicals
Posted: Wednesday, November 11, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
Utilities HOLDRS (AMEX: UTH) closed yesterday at $93.60. So far UTH has hit a 52-week low of $73.51 and 52-week high of $99.90. UTH has been showing support around 93.27 and resistance in the 93.79 range. Technical indicators are Bullish. UTH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 90 covered call (UTH ER) for a net debit in the $87.20 area. That is also the break even stock price for this trade. This covered call has a 192 day duration, provides 6.84% downside protection and a 3.21% assigned return rate for a 6.10% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
CLICK HERE: FREE Merrill Lynch Utilities Holdrs Trust (UTH) Stock ReportSee what our analysts have uncovered about Merrill Lynch Utilities Holdrs Trust (UTH).