PowerShares DB Gold Fund (DGL) 11/11/09 PriceWatch Alert Support At Around $39.34
Posted: Wednesday, November 11, 2009 8:11 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $39.70. So far DGL has hit a 52-week low of $25.99 and 52-week high of $39.82. DGL has been showing support around 39.34 and resistance in the 40.00 range. Technical indicators are Bullish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 38 covered call (DGL DV) for a net debit in the $36.85 area. That is also the break even stock price for this trade. This covered call has a 157 day duration, provides 7.18% downside protection and a 3.12% assigned return rate for a 7.26% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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