KBW Capital Markets ETF (KCE) 11/12/09 PriceWatch Alert Shows Bullish Technicals
Posted: Thursday, November 12, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
KBW Capital Markets ETF (PCX: KCE) closed yesterday at $38.16. So far KCE has hit a 52-week low of $17.92 and 52-week high of $43.27. KCE has been showing support around 37.70 and resistance in the 38.82 range. Technical indicators are Bullish. KCE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 38 covered call (KCE CL) for a net debit in the $35.46 area. That is also the break even stock price for this trade. This covered call has a 128 day duration, provides 7.08% downside protection and a 7.16% assigned return rate for a 20.43% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (KCE) Stock ReportSee what our analysts have uncovered about (KCE).