iShares S&P GSTI Semicondtr. Idx. (IGW) 11/16/09 PriceWatch Alert Targets 10.99% Return
Posted: Monday, November 16, 2009 8:19 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSTI Semicondtr. Idx. (PCX: IGW) ended the last trading session at $43.95. So far IGW has hit a 52-week low of $22.90 and 52-week high of $46.51. IGW has been showing support around 43.17 and resistance in the 44.53 range. Technical indicators are Bullish. IGW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 40 covered call (IGW DH) for a net debit in the $38.25 area. That is also the break even stock price for this trade. This covered call has a 152 day duration, provides 12.97% downside protection and a 4.58% assigned return rate for a 10.99% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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