Short Dow30 ProShares (DOG) 11/11/09 PriceWatch Alert Support At Around $53.35
Posted: Wednesday, November 11, 2009 8:02 AM EDT
By: Market Intelligence Center Staff
Short Dow30 ProShares (PCX: DOG) closed yesterday at $53.58. So far DOG has hit a 52-week low of $53.55 and 52-week high of $93.13. DOG has been showing support around 53.35 and resistance in the 53.99 range. Technical indicators are Bearish. DOG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 53 covered call (DOG BV) for a net debit in the $51.23 area. That is also the break even stock price for this trade. This covered call has a 101 day duration, provides 4.39% downside protection and a 3.46% assigned return rate for a 12.49% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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