iShares S&P SmallCap 600 Index Fund (IJR) 11/11/09 PriceWatch Alert Could Hit 18.08% Return
Posted: Wednesday, November 11, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Index Fund (PCX: IJR) closed yesterday at $51.57. So far IJR has hit a 52-week low of $29.92 and 52-week high of $54.56. IJR has been showing support around 50.60 and resistance in the 52.58 range. Technical indicators are Bullish. IJR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 51 covered call (IJO BY) for a net debit in the $48.57 area. That is also the break even stock price for this trade. This covered call has a 101 day duration, provides 5.82% downside protection and a 5.00% assigned return rate for an 18.08% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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