Ultra Oil & Gas ProShares (DIG) 11/13/09 PriceWatch Alert Technicals Showing Bullish
Posted: Friday, November 13, 2009 8:05 AM EDT
By: Market Intelligence Center Staff
Ultra Oil & Gas ProShares (PCX: DIG) closed yesterday at $34.79. So far DIG has hit a 52-week low of $16.93 and 52-week high of $39.61. DIG has been showing support around 33.33 and resistance in the 37.07 range. Technical indicators are Bullish. DIG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 33 covered call (DPB CI) for a net debit in the $29.49 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 15.23% downside protection and an 11.90% assigned return rate for a 34.21% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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