iShares Russell Microcap Index (IWC) 11/11/09 PriceWatch Alert Shows Neutral Technicals
Posted: Wednesday, November 11, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
iShares Russell Microcap Index (PCX: IWC) closed yesterday at $36.87. So far IWC has hit a 52-week low of $21.46 and 52-week high of $40.88. IWC has been showing support around 36.14 and resistance in the 37.72 range. Technical indicators are Neutral. IWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 35 covered call (IWG CI) for a net debit in the $33.67 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 8.68% downside protection and a 3.95% assigned return rate for an 11.18% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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