PowerShares DB Gold Fund (DGL) 11/17/09 PriceWatch Alert With $38.19 Break Even
Posted: Tuesday, November 17, 2009 8:05 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $40.89. So far DGL has hit a 52-week low of $27.07 and 52-week high of $41.04. DGL has been showing support around 40.34 and resistance in the 41.32 range. Technical indicators are Bullish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 40 covered call (DGL DL) for a net debit in the $38.19 area. That is also the break even stock price for this trade. This covered call has a 151 day duration, provides 6.60% downside protection and a 4.74% assigned return rate for an 11.46% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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