PowerShares DB Base Metals Fund (DBB) 11/11/09 PriceWatch Alert Targets 15.39% Return
Posted: Wednesday, November 11, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Base Metals Fund (PCX: DBB) closed yesterday at $19.77. 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 19.58 and resistance in the 19.94 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 $17.82 area. That is also the break even stock price for this trade. This covered call has a 157 day duration, provides 9.86% downside protection and a 6.62% assigned return rate for a 15.39% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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