Ultra Technology ProShares (ROM) 11/16/09 PriceWatch Alert Support At Around $46.85
Posted: Monday, November 16, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Ultra Technology ProShares (PCX: ROM) ended the last trading session at $48.22. So far ROM has hit a 52-week low of $15.64 and 52-week high of $48.48. ROM has been showing support around 46.85 and resistance in the 49.17 range. Technical indicators are Bullish. ROM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 45 covered call (ROM BI) for a net debit in the $42.42 area. That is also the break even stock price for this trade. This covered call has a 96 day duration, provides 12.03% downside protection and a 6.08% assigned return rate for a 23.12% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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