Utilities HOLDRS (UTH) PriceWatch Alert for November 16, 2009
Posted: Monday, November 16, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
Utilities HOLDRS (AMEX: UTH) ended the last trading session at $92.87. So far UTH has hit a 52-week low of $73.51 and 52-week high of $99.90. UTH has been showing support around 91.67 and resistance in the 93.69 range. Technical indicators are Bullish. UTH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 90 covered call (UTH ER) for a net debit in the $87.27 area. That is also the break even stock price for this trade. This covered call has an 187 day duration, provides 6.03% downside protection and a 3.13% assigned return rate for a 6.11% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE Merrill Lynch Utilities Holdrs Trust (UTH) Stock ReportSee what our analysts have uncovered about Merrill Lynch Utilities Holdrs Trust (UTH).