PowerShares Water Resource Portfolio (PHO) 11/17/09 PriceWatch Alert Could Hit 10.53% Return
Posted: Tuesday, November 17, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
PowerShares Water Resource Portfolio (PCX: PHO) closed yesterday at $16.82. 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 16.26 and resistance in the 17.20 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 $15.07 area. That is also the break even stock price for this trade. This covered call has a 214 day duration, provides 10.40% downside protection and a 6.17% assigned return rate for a 10.53% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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