iShares S&P MidCap 400 Index Fund (IJH) 11/16/09 PriceWatch Alert Targets 17.68% Return
Posted: Monday, November 16, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Index Fund (PCX: IJH) ended the last trading session at $69.82. So far IJH has hit a 52-week low of $39.80 and 52-week high of $71.72. IJH has been showing support around 68.43 and resistance in the 70.77 range. Technical indicators are Bullish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 69 covered call (IAJ AQ) for a net debit in the $67.02 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 4.01% downside protection and a 2.95% assigned return rate for a 17.68% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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