iShares MSCI Hong Kong Index Fund (EWH) 11/12/09 PriceWatch Alert With 5.91% Downside Protection
Posted: Thursday, November 12, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $16.07. So far EWH has hit a 52-week low of $8.36 and 52-week high of $16.56. EWH has been showing support around 15.95 and resistance in the 16.29 range. Technical indicators are Bullish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 16 covered call (EWH CP) for a net debit in the $15.12 area. That is also the break even stock price for this trade. This covered call has a 128 day duration, provides 5.91% downside protection and a 5.82% assigned return rate for a 16.60% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (EWH) Stock ReportSee what our analysts have uncovered about (EWH).