PowerShares DB Gold Fund (DGL) 11/12/09 PriceWatch Alert With $38.93 Break Even
Posted: Thursday, November 12, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $40.18. So far DGL has hit a 52-week low of $25.99 and 52-week high of $40.19. DGL has been showing support around 39.91 and resistance in the 40.33 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 a Jan '10 40 covered call (DGL AL) for a net debit in the $38.93 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 3.11% downside protection and a 2.75% assigned return rate for a 15.43% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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