iShares S&P MidCap 400 Index Fund (IJH) 11/11/09 PriceWatch Alert Could Hit 19.84% Return
Posted: Wednesday, November 11, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Index Fund (PCX: IJH) closed yesterday at $69.61. So far IJH has hit a 52-week low of $39.80 and 52-week high of $71.72. IJH has been showing support around 68.78 and resistance in the 70.40 range. Technical indicators are Bullish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 69 covered call (IAJ AQ) for a net debit in the $66.61 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 4.31% downside protection and a 3.59% assigned return rate for a 19.84% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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