UltraShort Dow30 ProShares (DXD) 11/16/09 PriceWatch Alert Support Down To $30.17
Posted: Monday, November 16, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
UltraShort Dow30 ProShares (PCX: DXD) ended the last trading session at $30.76. So far DXD has hit a 52-week low of $30.35 and 52-week high of $102.48. DXD has been showing support around 30.17 and resistance in the 31.55 range. Technical indicators are Bearish. DXD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 30 covered call (DOF DD) for a net debit in the $27.06 area. That is also the break even stock price for this trade. This covered call has a 152 day duration, provides 12.03% downside protection and a 10.86% assigned return rate for a 26.09% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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