PowerShares DB Base Metals Fund (DBB) 11/17/09 PriceWatch Alert Targets 18.75% Return
Posted: Tuesday, November 17, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Base Metals Fund (PCX: DBB) closed yesterday at $20.61. So far DBB has hit a 52-week low of $10.90 and 52-week high of $20.88. DBB has been showing support around 19.84 and resistance in the 21.06 range. Technical indicators are Bullish. DBB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 20 covered call (DBB DT) for a net debit in the $18.56 area. That is also the break even stock price for this trade. This covered call has a 151 day duration, provides 9.95% downside protection and a 7.76% assigned return rate for an 18.75% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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