PowerShares Golden Dragon Halter USX China Portfolio (PGJ) 11/16/09 PriceWatch Alert Targets 6.39% Downside Protection
Posted: Monday, November 16, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
PowerShares Golden Dragon Halter USX China Portfolio (PCX: PGJ) ended the last trading session at $24.24. So far PGJ has hit a 52-week low of $10.91 and 52-week high of $24.44. PGJ has been showing support around 23.81 and resistance in the 24.47 range. Technical indicators are Bullish. PGJ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 24 covered call (PGJ CX) for a net debit in the $22.69 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 6.39% downside protection and a 5.77% assigned return rate for a 16.99% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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