Utilities HOLDRS (UTH) 11/13/09 PriceWatch Alert Shows Bearish Technicals
Posted: Friday, November 13, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Utilities HOLDRS (AMEX: UTH) closed yesterday at $92.18. So far UTH has hit a 52-week low of $73.51 and 52-week high of $99.90. UTH has been showing support around 91.51 and resistance in the 93.35 range. Technical indicators are Bearish. UTH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 90 covered call (UTH BR) for a net debit in the $87.78 area. That is also the break even stock price for this trade. This covered call has a 99 day duration, provides 4.77% downside protection and a 2.53% assigned return rate for a 9.32% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE Merrill Lynch Utilities Holdrs Trust (UTH) Stock ReportSee what our analysts have uncovered about Merrill Lynch Utilities Holdrs Trust (UTH).