PowerShares Golden Dragon Halter USX China Portfolio (PGJ) 11/13/09 PriceWatch Alert Could Hit 14.99% Return
Posted: Friday, November 13, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
PowerShares Golden Dragon Halter USX China Portfolio (PCX: PGJ) closed yesterday at $23.86. So far PGJ has hit a 52-week low of $10.91 and 52-week high of $24.44. PGJ has been showing support around 23.53 and resistance in the 24.41 range. Technical indicators are Bullish. PGJ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 23 covered call (PGJ CW) for a net debit in the $21.86 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 8.38% downside protection and a 5.22% assigned return rate for a 14.99% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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