iShares S&P SmallCap 600 Index Fund (IJR) 11/16/09 PriceWatch Alert Up To 14.63% Return
Posted: Monday, November 16, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Index Fund (PCX: IJR) ended the last trading session at $51.31. So far IJR has hit a 52-week low of $29.92 and 52-week high of $54.56. IJR has been showing support around 49.95 and resistance in the 52.23 range. Technical indicators are Neutral. IJR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 51 covered call (IJO BY) for a net debit in the $49.11 area. That is also the break even stock price for this trade. This covered call has a 96 day duration, provides 4.29% downside protection and a 3.85% assigned return rate for a 14.63% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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