iShares Russell Midcap Index Fund (IWR) PriceWatch Alert for November 16, 2009
Posted: Monday, November 16, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Index Fund (PCX: IWR) ended the last trading session at $79.37. So far IWR has hit a 52-week low of $44.65 and 52-week high of $81.53. IWR has been showing support around 78.00 and resistance in the 80.36 range. Technical indicators are Bullish. IWR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 75 covered call (IWR BO) for a net debit in the $73.27 area. That is also the break even stock price for this trade. This covered call has a 96 day duration, provides 7.69% downside protection and a 2.36% assigned return rate for an 8.98% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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