iShares Russell Midcap Index Fund (IWR) 11/13/09 PriceWatch Alert Support At Around $77.57
Posted: Friday, November 13, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Index Fund (PCX: IWR) closed yesterday at $78.79. So far IWR has hit a 52-week low of $44.65 and 52-week high of $81.53. IWR has been showing support around 77.57 and resistance in the 80.85 range. Technical indicators are Bullish. IWR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 75 covered call (IWR BO) for a net debit in the $72.89 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 7.49% downside protection and a 2.89% assigned return rate for a 10.67% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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