iShares S&P MidCap 400 Index Fund (IJH) 11/12/09 PriceWatch Alert With Support Around $69.20
Posted: Thursday, November 12, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Index Fund (PCX: IJH) closed yesterday at $70.20. 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 69.20 and resistance in the 71.20 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 70 covered call (IAJ AR) for a net debit in the $67.55 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 3.77% downside protection and a 3.63% assigned return rate for a 20.37% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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