iShares S&P SmallCap 600 Value Index Fund (IJS) 11/11/09 PriceWatch Alert Support Down To $53.74
Posted: Wednesday, November 11, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Value Index Fund (PCX: IJS) closed yesterday at $54.83. So far IJS has hit a 52-week low of $31.76 and 52-week high of $58.62. IJS has been showing support around 53.74 and resistance in the 56.00 range. Technical indicators are Bullish. IJS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 56 covered call (ISD BD) for a net debit in the $52.18 area. That is also the break even stock price for this trade. This covered call has a 101 day duration, provides 4.83% downside protection and a 7.32% assigned return rate for a 26.46% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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