iShares Russell Microcap Index (IWC) PriceWatch Alert for November 16, 2009
Posted: Monday, November 16, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
iShares Russell Microcap Index (PCX: IWC) ended the last trading session at $36.49. So far IWC has hit a 52-week low of $21.46 and 52-week high of $40.88. IWC has been showing support around 35.75 and resistance in the 37.07 range. Technical indicators are Bearish. IWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 35 covered call (IWG CI) for a net debit in the $33.39 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 8.50% downside protection and a 4.82% assigned return rate for a 14.19% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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