PowerShares DB Gold Fund (DGL) 11/16/09 PriceWatch Alert Shows Bullish Technicals
Posted: Monday, November 16, 2009 8:25 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) ended the last trading session at $40.24. So far DGL has hit a 52-week low of $27.07 and 52-week high of $40.24. DGL has been showing support around 39.48 and resistance in the 40.62 range. Technical indicators are Bullish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 40 covered call (DGL AL) for a net debit in the $39.09 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 2.86% downside protection and a 2.33% assigned return rate for a 13.93% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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