Short S&P500 ProShares (SH) 11/17/09 PriceWatch Alert Bearish Price Movement
Posted: Tuesday, November 17, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
Short S&P500 ProShares (PCX: SH) closed yesterday at $53.10. So far SH has hit a 52-week low of $52.87 and 52-week high of $105.44. SH has been showing support around 52.49 and resistance in the 53.87 range. Technical indicators are Bearish. SH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 53 covered call (QRS BA) for a net debit in the $51.05 area. That is also the break even stock price for this trade. This covered call has a 95 day duration, provides 3.86% downside protection and a 3.82% assigned return rate for a 14.68% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (SH) Stock ReportSee what our analysts have uncovered about (SH).