iShares S&P GSCI Commodity-Indexed (GSG) 11/16/09 PriceWatch Alert Shows Bullish Technicals

Posted: Monday, November 16, 2009 8:24 AM EDT

iShares S&P GSCI Commodity-Indexed (PCX: GSG) ended the last trading session at $31.24. So far GSG has hit a 52-week low of $21.85 and 52-week high of $34.37. GSG has been showing support around 30.91 and resistance in the 31.75 range. Technical indicators are Bullish. GSG 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 (GSV AE) for a net debit in the $29.59 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 5.28% downside protection and a 4.77% assigned return rate for a 28.51% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]

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