iShares S&P Latin America 40 Index (ILF) 11/13/09 PriceWatch Alert With Support Around $45.21
Posted: Friday, November 13, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $46.45. So far ILF has hit a 52-week low of $19.64 and 52-week high of $48.33. ILF has been showing support around 45.21 and resistance in the 48.33 range. Technical indicators are Bullish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 46 covered call (IOK CT) for a net debit in the $42.75 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 7.97% downside protection and a 7.60% assigned return rate for a 21.85% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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