Short Dow30 ProShares (DOG) 11/17/09 PriceWatch Alert Technicals Showing Bearish

Posted: Tuesday, November 17, 2009 8:14 AM EDT

Short Dow30 ProShares (PCX: DOG) closed yesterday at $52.75. So far DOG has hit a 52-week low of $52.60 and 52-week high of $93.13. DOG has been showing support around 52.23 and resistance in the 53.49 range. Technical indicators are Bearish. DOG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 52 covered call (DOG BX) for a net debit in the $50.65 area. That is also the break even stock price for this trade. This covered call has a 95 day duration, provides 3.98% downside protection and a 2.67% assigned return rate for a 10.24% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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