PowerShares Water Resource Portfolio (PHO) 11/16/09 PriceWatch Alert Technicals Showing Bullish
Posted: Monday, November 16, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
PowerShares Water Resource Portfolio (PCX: PHO) ended the last trading session at $16.43. So far PHO has hit a 52-week low of $10.10 and 52-week high of $17.52. PHO has been showing support around 15.92 and resistance in the 16.74 range. Technical indicators are Bullish. PHO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 16 covered call (PHO FP) for a net debit in the $14.93 area. That is also the break even stock price for this trade. This covered call has a 215 day duration, provides 9.13% downside protection and a 7.17% assigned return rate for a 12.17% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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