iShares S&P 500 Value Index Fund (IVE) 11/16/09 PriceWatch Alert Shows Bullish Technicals
Posted: Monday, November 16, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Value Index Fund (PCX: IVE) ended the last trading session at $52.16. So far IVE has hit a 52-week low of $30.62 and 52-week high of $53.06. IVE has been showing support around 51.53 and resistance in the 52.69 range. Technical indicators are Bullish. IVE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 53 covered call (JOD AA) for a net debit in the $51.11 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 2.01% downside protection and a 3.70% assigned return rate for a 22.13% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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