PowerShares DB Base Metals Fund (DBB) 11/13/09 PriceWatch Alert With Support Around $19.46
Posted: Friday, November 13, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Base Metals Fund (PCX: DBB) closed yesterday at $19.64. So far DBB has hit a 52-week low of $10.90 and 52-week high of $20.88. DBB has been showing support around 19.46 and resistance in the 19.92 range. Technical indicators are Bullish. DBB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 19 covered call (DBB DS) for a net debit in the $17.84 area. That is also the break even stock price for this trade. This covered call has a 155 day duration, provides 9.16% downside protection and a 6.50% assigned return rate for a 15.31% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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