UltraShort Dow30 ProShares (DXD) 11/12/09 PriceWatch Alert With Support Around $30.04
Posted: Thursday, November 12, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
UltraShort Dow30 ProShares (PCX: DXD) closed yesterday at $30.63. So far DXD has hit a 52-week low of $30.35 and 52-week high of $102.48. DXD has been showing support around 30.04 and resistance in the 31.24 range. Technical indicators are Bearish. DXD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 30 covered call (DOF DD) for a net debit in the $26.93 area. That is also the break even stock price for this trade. This covered call has a 156 day duration, provides 12.08% downside protection and an 11.40% assigned return rate for a 26.67% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (DXD) Stock ReportSee what our analysts have uncovered about (DXD).