iShares S&P SmallCap 600 Index Fund (IJR) 11/12/09 PriceWatch Alert Shows Bullish Technicals
Posted: Thursday, November 12, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Index Fund (PCX: IJR) closed yesterday at $51.96. 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 51.04 and resistance in the 52.90 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 $48.76 area. That is also the break even stock price for this trade. This covered call has a 100 day duration, provides 6.16% downside protection and a 4.59% assigned return rate for a 16.77% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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