iShares S&P GSCI Commodity-Indexed (GSG) 11/12/09 PriceWatch Alert Support At Around $31.90
Posted: Thursday, November 12, 2009 8:05 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSCI Commodity-Indexed (PCX: GSG) closed yesterday at $32.29. So far GSG has hit a 52-week low of $21.85 and 52-week high of $34.72. GSG has been showing support around 31.90 and resistance in the 32.64 range. Technical indicators are Bullish. GSG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 32 covered call (GSV AF) for a net debit in the $30.69 area. That is also the break even stock price for this trade. This covered call has a 65 day duration, provides 4.96% downside protection and a 4.27% assigned return rate for a 23.97% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (GSG) Stock ReportSee what our analysts have uncovered about (GSG).