PowerShares DB Silver Fund (DBS) 11/16/09 PriceWatch Alert Support At Around $30.20
Posted: Monday, November 16, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) ended the last trading session at $31.17. So far DBS has hit a 52-week low of $14.81 and 52-week high of $32.10. DBS has been showing support around 30.20 and resistance in the 31.68 range. Technical indicators are Bullish. DBS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 31 covered call (DBS AE) for a net debit in the $29.57 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 5.13% downside protection and a 4.84% assigned return rate for a 28.94% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE (DBS) Stock ReportSee what our analysts have uncovered about (DBS).